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
Recession-Proof Your Revenue Cycle: 4 ways providers can optimize patient collections and avoid revenue loss
August 3, 2020
COVID-19 has ripped through healthcare revenue cycles.
The pandemic itself could cost hospitals $200 billion over a four-month period.
With postponement of electives hitting the bottom line, people falling off payroll, and provider cashflow taking a hit, the post-pandemic world for healthcare will be challenging. Optimizing patient collections is key to preventing revenue from slipping through the cracks.
In this comprehensive eBook, we provide your recession-ready collections checklist, exploring four ways healthcare providers can increase patient collections and guard against recession:
A compassionate billing approach: offering personalized communications and payment options
Automated coverage discovery: find missing and forgotten coverage so claims are accurate the first time
A collections strategy that includes credit data: offers actionable insights about a patient's propensity to pay
Get patients on the right plan and check for charity care ASAP: identify patients who need extra support and connect them with the right financial assistance program
Let’s look at how healthcare providers can optimize patient collections and build a resilient revenue cycle, whatever the future holds.
A Single Source of Truth for Provider Demographic and Professional Relationship Information
July 28, 2020
Chances are you’ve had more than a few patients go to your health systems’ website to find a new provider or specialist, call to make an appointment only to find out that the practice doesn’t accept their insurance, isn’t accepting new patients, or that the physician they wanted to see recently left the practice.
It’s frustrating not only for patients who are denied care but also for the health system, that needs to deal with canceled appointments and with disappointed patients. Accurate provider directory information enhances your efficiency and cash flow and helps patients find the right providers.