How to expand the hospital"s revenue sources
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How to expand the hospital"s revenue sources prepared for the American College of Hospital Administrators by Peter B. Laubach

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Published by s.n.] in [s.l .
Written in English

Subjects:

  • Hospitals -- Finance -- Problems, exercises, etc.

Book details:

Edition Notes

Course materials for a 3-day seminar.

Statementresearched and written by Peter B. Laubach, Richard L. Rand ; presented by EMSCO Engineering & Management Sciences Corporation.
ContributionsRand, Richard L., joint author., American College of Hospital Administrators., Engineering and Management Sciences Corporation.
Classifications
LC ClassificationsRA971.3 .L36
The Physical Object
Pagination184 p. in various pagings ;
Number of Pages184
ID Numbers
Open LibraryOL4928845M
LC Control Number76355444

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  Most hospitals seek to improve revenue, but are challenged by static or declining patient volumes, reimbursement rate reductions and patient case reclassifications to comply with CMS regulatory requirements. Revenue management efforts . With rising insurance deductibles putting more hospital revenue at stake, the need to recoup a higher percentage of patient revenue is becoming a matter of survival, especially in rural areas where 41 percent of hospitals are reported to be operating with negative margins. 1 Many of these facilities are at risk of closing their doors due in large part to escalating bad debt. Fewer hospitals seriously threaten access . Identifying and attracting additional physicians to bring cases to your hospital is another way that hospital leaders can increase profits. Physician-owned hospitals can bring in additional.   Along the way, I’ve discovered a few tried and true solutions. While it’s important to choose the appropriate information system components based on a health system’s size and to educate the staff on the ins and outs of managing revenue, the following five suggestions will also help improve your revenue cycle management.

For the first time though, hospitals will need to look beyond the four walls of their health system to solve these critical business problems. They will need to develop new strategies and implement new technologies that focus on growing outpatient volumes – and strike new.   Hospitals use space to generate revenue in a number of different ways. The following are examples of how hospitals use space to maximize revenue: Efficiency of Movement – Hospitals group their space by services rendered and necessary machinery needed so doctors can stay within their wing of the hospital to service all their patients. Revenue cycle management (RCM) is the process that manages claims processing, payment and revenue generation, and often entails the use of technology to keep track of the claims process at every. in a manner that does not increase the reporting burden on hospitals. We will continue to work with CMS on this issue and provide comments when the proposed rule is released. Hospital-Acquired Conditions (HAC).The provision applies a financial penalty to hospitals with high risk-adjusted rates of the HACs identified by CMS for useFile Size: 34KB.

12 Powerful Growth Strategies to Increase Revenue. Renee Walker — April 5, Twitter Facebook LinkedIn Flipboard 2. rawpixel / Pixabay. The trend is a way for hospitals to increase revenue from sources other than insurance and government health plans and to expand care outside the hospital, said Gary Paquin, executive vice president of The Paquin Healthcare Company, a health care . Fast Facts on U.S. Hospitals, The American Hospital Association conducts an annual survey of hospitals in the United States. The data below, from the AHA Annual Survey, are a sample of what you will find in AHA Hospital Statistics, definitive source for aggregate hospital data and trend analysis, AHA Hospital Statistics includes current and historical data on. The Building Multiple Revenue Sources guidebook will be helpful to any nonprofit seeking to learn about new sources of revenue and how to pursue them. Who developed the Building Multiple Revenue Sources guidebook? The guidebook was originally developed by the National Resource Center with assistance from Paul Size: KB.