Coming Back from COVID-19: A Path to Recovering Revenue, Decreasing Costs, and Acquiring Talent
September 23, 2020
The coronavirus pandemic of 2020 threw a punch at the economy, and at healthcare in particular, from which it will be challenging to recover.
Due to the pandemic, healthcare spending in the U.S. declined by 18% in the first quarter of 2020, the largest decline since 1959, according to the U.S. Department of Commerce. The American Hospital Association reports that hospitals and health systems lost $200 billion in the first quarter of this year, while the Medical Group Management Association (MGMA) indicates that 97% of physician practices experienced negative financial impact as a result of the virus.
Though it will be difficult, coming back from the pandemic is achievable and will require a wide range of strategic and tactical initiatives that are outlined in this white paper.
COVID-19: Costing & Reporting Considerations for Recovery
September 23, 2020
Healthcare organizations are grappling with how to assess COVID-19 costs at the organizational and patient level, knowing that decisions made now will impact strategic decision-making for months to come.
This new guide, COVID-19: Costing & Reporting Considerations for Recovery, underlines the pressing issues for healthcare organizations and provides guidance to help chart a path to recovery.
In addition to best practices and recommendations on COVID-19 cost accounting and reporting, you will learn about:
Modeling assumptions across different recovery scenarios
Advanced costing methods to account for COVID-19 costs
How to effectively report and analyze recovery trends
Observation Management: Financial Impact on Hospitals and Best Practices
September 9, 2020
There has been substantial growth in observation for many years as demonstrated by the increase in Medicare observation spending from $690 million in 2011 to $3.1 billion in 2016. Along with this growth, the financial impacts of observation care on hospitals are increasing as well. Unfortunately, due to a lack of observation data, it is difficult for hospitals and health systems to identify problems, find their causes, and understand their organization's relative performance in managing observation patients.
With the implementation of observation management best practices including a recommended observation management model, defined inclusion/exclusion criteria, observation-specific patient progression practices, and the regular measurement of key performance metrics, hospital and health system leadership can have a positive financial impact of millions of dollars each year on their organizations.
With this white paper, you will be able to answer:
What is the difference between Observation Care and Observation Management?
Why does Observation Management matter?
What are some potential causes of Observation Management problems?
What are the best practices for progression of patients in observation?
Getting Better Financial Outcomes from Your Workforce Management Strategies
API Healthcare, now a part of symplr
September 1, 2020
Today, health systems are under enormous pressure to contain costs without overlooking the quality of care or staff engagement. To achieve that balance, healthcare leaders need to evaluate which workforce management strategies need to be expanded and which need to be re-imagined. Based on a survey and interviews with healthcare finance executives, this white paper “Impacting Financial Outcomes with Workforce Management Initiatives” provides insights and success stories for turning struggles into strengths.
Creating the Hospital of the Future: Clinical Leadership and Frontline Innovation Will Lead the Transformation
August 20, 2020
Health systems and hospitals have demonstrated incredible resilience and an innovative mindset since the start of the pandemic, quickly responding with solutions ranging from advanced infection control practices to virtual health models that span the entire care continuum. But what else is needed to ensure continued growth and optimal patient experience?
A HealthLeaders Buzz Survey recently asked over 100 healthcare leaders about the current state of their health systems, and what’s needed to thrive in the coming years. In this exclusive report, learn the results of this survey and gain insights from healthcare’s top leaders in the following areas:
The biggest industry shifts from the pandemic.
Requirements for operational success in the new landscape.
Why clinical leadership is a “must-have” moving forward.
5 Strategies for Building a Better Digital Patient Journey
August 17, 2020
Is your organization employing these 5 strategies to improve the patient experience in the face of COVID-19?
Undoubtedly, the trajectory of healthcare has changed dramatically over the past few months. In order to survive and grow, providers need to capitalize on the new digital solutions that have emerged with a thoughtful and laser-targeted approach.
Providers will need to balance their priorities, focusing on those solutions that offer near-term benefits, coupled with long-term ability for expansion and scale.
In this eBook we explore the 5 key strategies you should be focusing on to craft a better digital patient journey – not only in response to COVID-19, but for a brighter, more consumer-friendly future for your patients.
Download our eBook to learn:
What the new digital healthcare consumer wants
How to make access easy with convenient scheduling options
How self-service and automation can transform patient access
Advice for hardening and scaling telehealth services