The Business of Surgery

Disappointed With The ROI From Your EHR Investment? You’re Not Alone

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

Yet another study has been published showing the disappointing return on investment that hospitals are experiencing with their electronic health record (EHR) implementations. The new study, published in the Journal of the American Medical Association (JAMA), showed that the costs of administering billing and insurance-related functions may actually have increased following EHR roll-outs. This is […]

Disappointed With The ROI From Your EHR Investment? You’re Not Alone Read More »

The Key To Figuring Out Your Cost Per Case

Big Data, Cath Lab, Clinical Documentation, Cost Reduction, Hospital Finance, Hospital IT, Hospital Management, Operating Rooms, Operational Efficiency, Radiology, Revenue Cycle, Supply Chain, The Business of Surgery /

Historically, the cost of a surgical procedure has been a difficult equation to solve. As the US healthcare system moves more and more toward a value-based system, hospitals require now more than ever an accurate understanding of their procedure costs. These accurate procedure costs then need to be compared to outcomes in order to perform

The Key To Figuring Out Your Cost Per Case Read More »

The “Post-EHR” Era Will Require Hospitals To Get More Value Out Of Their EHR Data

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

Hospitals are just scratching the surface of the value that they can derive from the data in their Electronic Health Records (EHRs). Simultaneously, they are facing a growing threat to their EHR data – physicians and other clinicians are increasingly vocal about their frustration with the time they are spending documenting encounters in EHRs instead

The “Post-EHR” Era Will Require Hospitals To Get More Value Out Of Their EHR Data Read More »

How To Create A Digital Audit Trail For Your Tissue

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

Tissue and related specimens present a unique tracking challenge for hospitals and surgery centers – these often expensive and occasionally one-of-a-kind items are required to be closely monitored during the hospital’s handling of each unit. The US Food & Drug Administration (FDA), state Departments of Health and hospital accreditation bodies, such as The Joint Commission

How To Create A Digital Audit Trail For Your Tissue Read More »

3 Cost Containment Ideas For Hospitals Heading Into a Challenging Environment In 2018

Cost Reduction, Hospital Finance, Hospital Management, Operational Efficiency, Revenue Cycle, Supply Chain, The Business of Surgery /

As we head into 2018, there appears to be a lot of headwinds facing hospitals and healthcare systems: regulatory uncertainty around the Affordable Care Act, slowing patient admissions, accelerating costs and shrinking margins. Moody’s Investor Services predicts bad debt to grow 6-7% in 2018 and operating cash flow for non-profit hospitals to shrink 2-4%. In

3 Cost Containment Ideas For Hospitals Heading Into a Challenging Environment In 2018 Read More »

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

The Benefits Of Proactive vs. Reactive Clinical Documentation Improvement Read More »

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

Using Clean Data To Get More Out Of Your EMR Investment Read More »

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.

Using Analytics to Improve Quality and Lower Costs Read More »

How To Close A $25 Million Budget Gap In 10 Days

Cost Reduction, Hospital Finance, Hospital Management, Operational Efficiency, Supply Chain, The Business of Surgery /

With the constant shift in the payor environment, and the continuing consolidation of the hospital market, many healthcare providers are having to search for new ways to cut costs and increase revenues just to stay profitable. There are so many places that hospitals can unlock additional dollars, but where should they start? The management team

How To Close A $25 Million Budget Gap In 10 Days Read More »

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

Increasing Procedural Revenue Read More »