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3 Reasons to Fall In Love Again...With Healthcare Finance



This is slated to be one of the hardest years ever for many healthcare leaders. While it may be tempting to walk away from the financial complexities of the healthcare industry for good, we've got three good reasons to stick around and make things work.



1 comments on "3 Reasons to Fall In Love Again...With Healthcare Finance"
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.