Clinical Documentation

The Benefits Of Proactive vs. Reactive Clinical Documentation Improvement

Clinical Documentation, Hospital Finance, Hospital Management, Revenue Cycle, The Business of Surgery /

Many hospital financial executives view clinical documentation improvement (CDI) efforts to improve capture revenue as a purely financial gain for their hospital. This is a perfectly valid reason for pursuing CDI initiatives, as all major investments should have a financial return to the hospital. However, re-examining CDI efforts and changing from a proactive to reactive […]

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Using Clean Data To Get More Out Of Your EMR Investment

Big Data, Clinical Documentation, Hospital Finance, Hospital Management, Operational Efficiency, Revenue Cycle, The Business of Surgery /

Hospitals and healthcare systems across the US have spent billions of dollars per year over the last decade implementing electronic medical record (EMR) systems across their operations. A lot of the promise of EMR systems for hospitals is the data that they can collect that can be used for a wide range of analyses: cost

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Using Analytics to Improve Quality and Lower Costs

Big Data, Clinical Documentation, Cost Reduction, Hospital Finance, Hospital Management, Operational Efficiency, The Business of Surgery /

As healthcare providers continue to pursue the triple aim, leading hospitals are turning to data analytics to identify major areas for improvement in daily operations. All three of the triple aim objectives – patient experience, population health and cost – can be attacked in various ways by analyzing high fidelity data for trends and patterns.

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Increasing Procedural Revenue

Cath Lab, Clinical Documentation, Hospital Finance, Hospital Management, Operating Rooms, Radiology, Revenue Cycle, The Business of Surgery /

For the past several decades in healthcare, inventory has been managed independently from the rest of the business of providing healthcare. When you step back and look at how supplies impact the business of providing healthcare, you’ll see that hospitals can benefit greatly from extending the visibility of supplies to clinical documentation and billing. Charges

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Medicare To Consider Tracking Unique IDs For Medical Implants

Cath Lab, Clinical Documentation, Hospital Management, Operating Rooms, Patient Safety, Radiology, Supply Chain, The Business of Surgery, Tissue Management /

As discussed in a recent article, recalled medical devices continue to be a patient safety and financial concern for hospitals and insurers. A recent study by Medicare estimated that over a 10 year span, they spent over $1.5 billion on surgeries and follow-up for over 73,000 patients implanted with one of seven defective heart devices. 

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Improving Clinical Documentation By Engaging Physicians

Clinical Documentation, Hospital Finance, Hospital Management, Operational Efficiency, Revenue Cycle, The Business of Surgery /

Hospitals continue to focus on clinical documentation improvement (CDI) efforts to capture revenue that they may be missing today.  With the healthcare payment market continually in flux, not a dollar can slip through the cracks with the narrow margins that most hospitals are operating at. Having a robust CDI program is one way hospitals are

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Midcycle Revenue Loss May Be Costing The Average Hospital $11 Million Annually

Clinical Documentation, Hospital Finance, Hospital Management, Operational Efficiency, Revenue Cycle, The Business of Surgery /

A recent study by the Advisory Board Company found that the average 250-bed hospital in the US lost between $4.7 and $11.3 million in 2016 from revenue loss in the midcycle. Advisory Board defines the midcycle as the revenue cycle functions that happen between patient enrollment and the back office – namely documentation, clinical documentation

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How Michigan Medicine Tracks Tissue To Meet Joint Commission Standards and Reduce Costs

Clinical Documentation, Cost Reduction, Hospital Finance, Hospital Management, Infection Control, Joint Commission, Operating Rooms, Operational Efficiency, Patient Safety, Regulatory Compliance, Supply Chain, The Business of Surgery, Tissue Management /

University of Michigan Hospitals and Health Centers (U-M) in Ann Arbor, Michigan is one of the nation’s top medical centers, and was recently named the #6 hospital in the United States according to the 2016-17 Best Hospitals Honor Roll rankings by US News and World Report.  As the main medical campus of the Michigan Medicine

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Why Tracking Down Patients With Recalled Implants Is Hard Even With Unique IDs

Cath Lab, Clinical Documentation, Hospital Management, Operating Rooms, Patient Safety, Radiology, Supply Chain, The Business of Surgery, Tissue Management /

Recalled medical devices continue to be a patient safety and financial concern for hospitals and insurers. A recent study by Medicare estimated that over a 10 year span, they spent over $1.5 billion on surgeries and follow-up for over 73,000 patients implanted with one of seven defective heart devices.  With such a staggering sum spent

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How To Maximize Revenue With Clinical Documentation Improvements

Clinical Documentation, Hospital Finance, Hospital Management, Operational Efficiency, Revenue Cycle, The Business of Surgery /

With the healthcare payment market continually in flux, hospitals are doing all they can to maximize the revenue that they receive for their work. Not a dollar can slip through the cracks with the narrow margins that most hospitals are operating at. Many hospitals have recognized the merits of a strong clinical documentation improvement (CDI)

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