As a hospital executive, you face constant pressure to reduce costs, figure new opportunities to generate revenue, and remain competitive. Before your can achieve your growth objectives, you have obstacles to overcome.
If you’re like most hospital executives across the country, there are a few things keeping you up at night:
- Your adjusted case mix is low, and you’re not getting reimbursed appropriately for services delivered;
- Your DNFB days are high, so you’re not getting completed invoices out the door fast enough;
- Your days in A/R are high, so you’re not getting paid fast enough for services rendered;
- The amount of reimbursement denials by your third party payors is a nagging worry;
- Space is at a premium. CEOs are pressing their teams to source new revenue generation opportunities, but you need room for those new medical services.
- Your physicians are unhappy with the lack of medical record information accessibility needed to do their work
It’s time for a reality check. |