The Future of Healthcare Strategy: Laying the Groundwork with Digital Health Technology
August 15, 2023
Healthcare organizations are continuing to adapt digital health tools and platforms to improve overall patient care, while integrating in-person and virtual care to better meet patient needs and reduce traffic in hospitals.
This will change how hospitals are used in the future, with a strategy to treat more patients at home and save inpatient care for the sickest patients. With that in mind, health systems are using these new digital health tools and platforms to improve workloads and bedside care while delivering better data to the care team no matter where they are located.
In this exclusive eBook, learn more about key strategies and best practices for utilizing digital health technology that will provide long-lasting benefits throughout your entire organization.
Discover what’s most important to health system financial leaders
With a unique mix of obstacles in 2023, healthcare executives face eroding revenues and rising expenses. Investments in revenue cycle management (RCM) technology are more important than ever, with 80% of providers considering it a top-five priority this year.
Read our 2023 RCM Transformative Trends Report to:
Understand providers' RCM priorities that are driving financial strategies and technology investments
Explore the top three overall financial objectives identified by 100+ health system leaders
Examine transformative trends in RCM and assess how technology is driving innovation
Denials are a constantly moving target due to factors often outside of a health organization’s control, such as new payer rules or patients switching medical plans. However, if left unresolved, denials can represent an average loss of up to 5% of net patient revenue.
So, how can we get ahead of denials in healthcare? With the proper insights and action, health organizations can prevent more upfront denials, empower staff with the right tools, and reduce revenue leakage.
Take a deep dive into denials, examining where they most frequently originate to the latest research and strategies to stay ahead.
What's in the report?
Research on the current state of denials
Steps to prevent, prioritize, and outsmart denials
Case study examples on how healthcare organizations benefit from purpose-built automation
Despite operating in a challenging financial environment, health systems may be able to meet consumer demands and create better coordinated experience across the continuum of care, all while improving financial performance.
Here are 5 strategies health executives should consider to enhance margins and transform their business models:
Align and equip health system leaders
Reevaluate the basics driving your financial operations
Establish consistent analytics for improvement and reporting
Employ automation to modernize healthcare operations
Consider partnerships to push strategic pursuits forward
Download our e-book to discover how healthcare organizations are prioritizing a path to improved financial sustainability and margins.
What is the Status Quo Costing You? Strategies to Reduce Nurse Attrition and Labor Cost
July 11, 2023
The nurse labor shortage has reached a critical mass. Healthcare organizations are facing serious challenges, not least of which is nurse retention. Record levels of burnout are causing nurses to retire early, search for better jobs, or leave the profession altogether.
Maintaining the status quo is no longer an option. Traditional approaches to addressing the nurse shortage are driving labor expenses up and operating margins down — a troubling trend that demands immediate action to ensure financial stability moving forward.
Dive into six strategies that will help your organization make headway in engaging and optimizing your internal nurse resources and reducing your premium labor spend.
Payment Transformation: How health systems are meeting critical financial and operational goals through new patient payment technologies
July 7, 2023
In today’s dynamic healthcare landscape, healthcare organizations are leveraging more comprehensive payment technologies. With methods ranging from physical credit card transactions and email notifications to real-time EHR and contactless payments, organizations are looking to optimize payment and revenue cycle processes, bolster payment security, and redefine the patient’s financial journey. Hospital executives unequivocally recognize the significance of these advancements for their continued success.
According to new research conducted by HealthLeaders and supported by U.S. Bank, an overwhelming 89% of hospital and health system executives consider payment digitization an indispensable strategic imperative. The survey, which collected input from 73 respondents, predominantly CEOs, and presidents, provides valuable insights into the priorities of healthcare organizations regarding payment solutions.