As hospitals face more market pressures than ever before and margins continue to shrink, financial performance remains one of the most pressing concerns for C-suite leaders. Since fiscally responsible patient care is the goal of nearly every provider going forward, partnerships with management service providers are increasingly playing a role in meeting that objective.
Focusing on ICD-10 implementation and reducing denials will set the stage for the next generation in healthcare
At Catholic Health Initiatives, one of the largest nonprofit health systems in the country, reform looms large. From buttoning down denials to implementing ICD-10 to tipping the scale of services from inpatient to outpatient, CHI aims to boost patient satisfaction, quality of care, and revenue. The ultimate goal: Set a foundation to migrate smoothly from a fee-for-service to a value-based purchasing model.
Have you considered the benefits of workforce management automation for patient care, employee engagement, and productivity?
Automation of workforce management is starting to move from the back office to the bedside, according to a recent HealthLeaders Media survey.
In the next three to five years, hospitals, health systems, and other patient service providers expect to augment their time-and-attendance and payroll systems with integrated applications that enable more sophisticated data crunching around labor analytics, acuity management, and staffing assignments.
Reform and rising costs continue to push the importance of care management systems to the forefront. With the growing prominence of population health for provider organizations, provider-based care management becomes a critical bridge that ties the analytics of the population to proactive care interventions. However, health systems face challenges in order to thrive amid changing payment models. For example, they will increasingly need to work toward developing integrated solutions to keep their patient population and surrounding communities healthy. Data, analytics and technology are critical and can positively impact workflow and help staff work smarter.
Healthcare is an intensely complex industry where innovations, regulations, and business models constantly morph and patient lives hang in the balance. To manage these intricacies, hospitals have been employing IT solutions for decades. But with the Patient Protection and Affordable Care Act in full swing, accountable care and pay-for-performance delivery and reimbursement models taking shape, and meaningful use stage 2 and ICD-10 on the horizon, never has it been more apropos for healthcare organizations to deploy truly transformational technologies.