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3 Reasons to Fall In Love Again...With Healthcare Finance
Karen Minich-Pourshadi, for HealthLeaders Media, February 14, 2011
Without question, the pairing of healthcare and finance has its challenging moments (i.e., the economic recession and healthcare reform). Moreover this relationship comes with a lot of responsibility, there are costs to contain, quality to improve, reimbursements to attain, patients to please, not to mention recruitment and retention to contend with.
Then again, what other job can give you that kind of riveting diversity? Yes, you may recall the thrill you felt when you first started in healthcare finance, when everything was new and exciting? Well, it seems that healthcare finance is going to give you that same rush of excitement this year and for many more to come.
Karen Minich-Pourshadi is a Senior Editor with HealthLeaders Media.
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Comments are moderated. Please be patient.
bob (2/15/2011 at 4:49 PM)
Here's another suggestion: Do away with all uncompensated care at your hospital. Put all of the money in the budget for uncompensated care into a fund to pay a fair negotiated rate for each patient who can't or won't pay in full. For these patients, be your own third party payer. As with every other patient with care provided by a third party payer, take all necessary steps to assure that the care is being provided efficiently and effectively to each patient that you are paying for individually from this fund. You will probably save about a quarter of the budgeted money the first year. For more details, see the paper on "Doing Away with Uncompensated Care" published in INQUIRY and on my web site: sigmondpapers.org.