Chelsey (Ledue) Dougherty is a contributing editor and former associate editor for Healthcare Finance News, covering physician and community care issues.
Healthcare providers must carefully balance the need to control costs against their mission to deliver the highest quality care. One of the multiple paths to this end may be the use of reverse auction services to strategically source and negotiate contracts.
With healthcare reform a top priority for most organizations, the cost, quality and outcomes movement is garnering some popularity among supply chain leaders at hospitals.
In today’s healthcare environment, providers must carefully balance the need to control costs against their mission to deliver the highest quality care.
Within the context of the healthcare supply chain, Business Intelligence (BI) technology can offer chief financial officers, supply chain executives and other hospital personnel an automated way to obtain end-to-end visibility of service line management, according to Group Purchasing Organizations.
Ease of transition to ICD-10 by October 2014 and improved front-end transactions are high on the checklist for providers who are looking for ways to improve their revenue cycle management (RCM) process, according to experts. One way to tackle this is to have a well-rounded technology suite, they say, and vendors are stepping up to fill that role.