Jackson Memorial (FL) struggles to find out which services make money
When Jackson Health System leaders held a retreat recently to discuss how to boost more profitable services, they faced one overwhelming challenge: They don't know which procedures make money.
"This is a huge problem,'' says Ted Shaw, who has been serving as the interim chief financial officer.
Experts say well-run hospitals -- for-profit and nonprofit -- have long known exact details on costs and revenue for each service they provide.
- Senators Hear How Two-Midnight Rule Harms Patients, Hospitals
- 3 Management Lessons from a Supermarket Debacle
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts
- Physicians to Appeal 'Docs v. Glocks' Ruling in FL
- IOM Identifies GME Problems, Calls for Finance Changes
- Healthcare Costs Start With What We Eat
- Revenue Cycles Get a Boost from Simple JPEG Files
- Handshaking Spreads Germs. Get Over It.
- CA Fines 8 Hospitals for Medical Errors
- Hospitals Likely to Outsource ICD-10 at Launch