Rodney J. Moore
As providers continue adjusting to the reimbursement changes wrought by the Affordable Care Act, it appears increasingly likely that hospitals will place more emphasis on collecting payments at the point of service.
With so many pressures to contend with, physician practices are scrutinizing their performance perhaps more than ever.
The opportunity for cost reduction through smart resource and waste management is high. To maximize this opportunity, hospitals and health systems should look for medical waste processing companies that emphasize green initiatives.
With so many pressures to contend with, physician practices are scrutinizing their performance perhaps more than ever.
Most hospital administrators choose to implement vendor management systems to keep track of who is in the facility, what they are doing in the facility and to make sure the vendors have the training the organization wants them to have, but today's vendor management technologies allow for expanded uses.
Now that health plans are required to be compliant with the newly adopted operating rules for electronic funds transfers and electronic remittance advice, electronic transactions might be poised to overtake healthcare.
As legacy revenue cycle systems struggle to keep up with constant regulatory changes, many hospitals are turning to next generation revenue cycle systems out of necessity, but experts caution to think before jumping.
Relationships are at the core of any business, so building strong ones is important. One relationship-building strategy that is increasingly becoming popular in healthcare - particularly in the pharmaceutical industry - is strategic account management.
It might be a dirty job, but hospital linen management doesn't have to be an overly costly one.
Squeezed budgets make it difficult to finance hospital equipment, so hospitals are turning to flexible equipment financing as a solution.