As hospitals increase their focus on reducing costs and increasing margins, resource/capacity utilization in the OR is an obvious opportunity to create efficiencies and optimize revenues.
Securing your hard-earned revenue is crucial to the overall financial health of your healthcare organization, and when it comes to audit management, prevention is the key to long term health.
Forward thinking healthcare providers have exciting new options to connect their existing systems and share data across the enterprise.
Forward thinking providers should consider not just which data to analyze, but in what context and with what goal(s) in mind in order to accommodate the shift to value-based reimbursement.
Taking a holistic approach to denials management will help your organization mitigate the impact of denials and truly refine your cash flow and overall financial performance.
It’s not often that you sense a sea change in a large industry through a single event, but a few weeks ago, I experienced exactly that with regard to healthcare. I was just picking up eardrops at my local pharmacy. My ear hurt from an infection. It had been an issue for five weeks, starting with hearing loss and wax impaction. I was ready for medication. Then my pharmacist said, “That will be $177.00”. My face dropped. It was the shock of an HDHP newbie and it was the moment I realized how profoundly healthcare is changing.