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. […]
Medicare To Consider Tracking Unique IDs For Medical Implants Read More »
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
Improving Clinical Documentation By Engaging Physicians Read More »
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
Midcycle Revenue Loss May Be Costing The Average Hospital $11 Million Annually Read More »
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
How Michigan Medicine Tracks Tissue To Meet Joint Commission Standards and Reduce Costs Read More »
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
Why Tracking Down Patients With Recalled Implants Is Hard Even With Unique IDs Read More »
A recent survey by Kaufman, Hall & Associates has revealed that most hospital executives feel that they are falling short of their cost reduction goals. They survey of over 150 senior hospital executives revealed that 75% of the respondents felt that their cost transformation success has been average to below average. The move from volume
Falling Short of Your Cost Reduction Goals? You’re Not Alone Read More »
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)
How To Maximize Revenue With Clinical Documentation Improvements Read More »
A materials management system plays a vital part of any hospital because it is accountable for all the inventory that is stored inhouse and is the source of information pertaining to any material that is used in a hospital. These systems, like PeopleSoft, Lawson or Infor, manage vendor contracts, maintain pricing, identify consigned or owned
Creating safe, efficient and accurate tissue management processes has become a top priority for PeriOperative departments across the country. Regulatory requirements designed to protect patients continue to evolve and expand with the growth of tissue usage and advances in surgical life-saving and life-enhancing procedures. Approximately 1.75 million people are currently receiving tissue implants annually just
Meeting Joint Commission Tissue Tracking Requirements Read More »
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
Return Clinician Time To Patients With EMR Improvements Read More »