We Must Think Differently, Unconventionally, or From a New Perspective
We Must Think Differently, Unconventionally, or From a New Perspective
The United States has the best healthcare system in the world and I feel compelled share ideas to help keep our hospitals, physicians and medical billing companies as fiscally fit as possible.
Providing quality healthcare is the cornerstone of our health system, yet without a systemically sound financial strategy in place to continue to give quality services, many hospitals, medical groups and healthcare providers will feel the squeeze as reimbursements decline and uncompensated care increases. The healthcare revenue cycle has been feeling the effects of consumerism as employers focus on containing or eliminating healthcare costs so they can compete and stay solvent during
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How will healthcare providers address the new challenges? Today’s escalating financial pressures on healthcare organizations will skyrocket as consumers take on increased financial responsibility for their healthcare services (we can partially thank the exchanges for that).
Providers now must become the “lead dog” of the sled as if they were racing in the Iditarod Great Sled Race and boost their capabilities and creativity as they leverage their hospital information systems and other technology and services solutions to improve revenue cycle performance.
Healthcare leaders must respond to the new environment by crafting strategies to combat the challenges of healthcare consumerism, increasing self-pay patients, the need for improving clinical documentation, meeting required compliance standards and insuring payers are held to their contractual obligations. This is a daunting task for all healthcare executives.
One must always remember, if you are not stepping outside the box and looking ahead of the pack for creative solutions, you will end up like the rest of the dogs in the sled. Consider this, unless you are the lead dog, the scenery never changes. Get out in front and stay there!
