The other day my boss sent me an interesting article titled, “Finance: Buoying the Bottom Line,” distributed by HealthLeaders Media. This article stated that the recession has caused a nationwide shift in priorities among Hospital CFO’s. Healthcare financial leaders ranked their top three priorities for the next three years. These in order are: Physician recruitment, [...]
Filed under: Bruce Jacobs, Financial Management Services, Healthcare, Hospital Technology | Comment (0)
Over the past few months, I have had numerous conversations with Hospital CEO’s. Each of these conversations seem to center around their respective hospital’s financial operations and the fact that their net profits have deteriorated over the last one or two years to the point that they are now showing losses. These CEO’s [...]
Filed under: Bruce Jacobs, Financial Management Services | Comment (0)
Experience has shown that there are significant opportunities to improve financial performance throughout a healthcare organization’s operation. Not only are hospitals dealing with a variety of issues that can influence patient care, but also they are dealing with circumstances that can limit or lessen capital spending and halt revenue growth. It is extremely [...]
Filed under: Healthcare, Hospital Technology, MEDITECH, Mary Helen Thome | Comment (0)
Outside forces, such as government and other entities are shaping how health care organizations are managing their revenue cycles. Governmental regulation changes, as seen with the current stimulus initiatives and consumer-directed health care movements are the main agents of change.
Recent regulation changes in claim form UB04 and the release of the National [...]
Filed under: HITECH, Healthcare, MEDITECH, Mary Helen Thome, Optimization & Enhancement | Comment (0)