Hospital Management

How To Maximize Revenue With Clinical Documentation Improvements

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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Establishing a Successful Scope Management Strategy

Hospitals and healthcare providers are under increased scrutiny by The Joint Commission (TJC), the FDA, DNV and even Congress to improve the documentation practices around flexible endoscope usage. There are articles in the media seemingly every day about how an endoscope manufacturer or a hospital was cited, sued or otherwise put in a negative light

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Return Clinician Time To Patients With EMR Improvements

Physicians and other clinicians in hospitals have been increasingly vocal about their frustration with the time they are spending documenting encounters in EMRs instead of focusing on patient care.  Backing up that claim is a study published in the Annals of Internal Medicine that found that only 27% of the average day is spent by

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Are Public Inspection Reports Coming?

Following the Wall Street Journal article that questioned the validity of The Joint Commission’s accreditation practices, the government has stepped up inquiries into the hospital accreditation process. The Joint Commission, as the largest accreditation agency, is now under increased scrutiny and hospitals may be exposed as a result. Sen. Chuck Grassley (Iowa) has sent a

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Hospital Supplies– A $23 Billion Savings Opportunity?

A recent study by Navigant Consulting concluded that the average hospital could achieve supply savings of nearly $10 million annually, or 17.8%, by pursuing some basic strategic initiatives.  With hospital margins often hovering near breakeven, that is an additional $10 million in savings that can flow directly to the bottom line. The other key finding

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How to Set a Consignment Strategy

Consignment items have been a frequent subject of conversations we have with inventory managers in procedural areas of hospitals.  Many hospitals that we’ve visited have a mix of consigned and owned products in their inventory. However, when you dig deeper you’ll find that many supplies were added to inventory as consigned or owned for inconsistent

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How Much Is Consignment Costing Your Hospital?

In a walkthrough of a major academic hospital in the Northeast US, the Chief of Surgery was lamenting how little space she had for new operations. The new hybrid Operating Room she was planning was going to be larger than their typical OR, making the issues even worse. As we walked through the ORs, a

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Do You Hear Too Many Footsteps?

Today, most hospitals are starting to understand what items and supplies they use by looking at data coming out of their documentation or materials management systems.  Maybe they even go a step further to standardize on certain products (it seems like every hospital has a “Product Standardization Committee” and/or “Value Analysis Committee”). But does your

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View From the C-Suite: There’s No Money in Linens

I visited a top academic hospital in the United States today. Working with the Chair of one of the departments, he provided an insight I hadn’t really heard of before. This addresses many of the management ideas that we have all learned about – setting priorities (as opposed to trying to do everything), the 80/20

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How Massachusetts General Hospital Re-Captured $1 Million in Missing Revenue

Massachusetts General Hospital (MGH), the Boston-based, #3 ranked hospital according to US News and World Report, has successfully deployed RFID-based technology from Mobile Aspects to automate charge capture and inventory management across its procedural areas. MGH performs about 650,000 radiology examinations annually, and the Interventional Radiology (IR) department carries out around 15,500 procedures. In 2001,

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