by mark4r | Aug 6, 2020 | Blogs
The ongoing COVID-19 pandemic has been a drag on the bottom lines of many rural hospitals, despite the fact that the disease has yet to fully infiltrate many rural areas. One of the reasons for this is the sharp decline in patient volumes. At least 15 rural hospitals...
by mark4r | May 14, 2020 | Blogs
Medical employees work hard, making it a grim reality when hospital management teams find out, two weeks after month-end, that financial results equate to a net operating loss. Producing projected income statements mid-month, and making the hospital’s senior...
by mark4r | May 9, 2020 | Blogs
With the growing concerns surrounding the COVID-19 pandemic, many organizations have had to convert to a remote working environment with almost no preparation time. There are several key items that managers must address as part of the transition. The first...
by mark4r | Mar 24, 2020 | Blogs
Many systems today are either moving to a CBO model or considering it. Today’s model almost always has the collections function centralized in a single or several locations to take advantages of economies of scale. For some systems this is easy, but for many,...
by mark4r | Mar 5, 2020 | Blogs
Provider organizations are feeling the squeeze in all directions. Fee-for-service is rapidly being replaced by value-based care. Staffing shortages and low unemployment restrict hospitals’ ability to recruit and retain a qualified workforce. And many hospitals...
by mark4r | Jan 30, 2020 | Blogs
The pressure on hospital revenue cycle departments to maximize reimbursements while minimizing costs to collect means the status quo will rarely do. How do you plan to improve your revenue cycle processes this year? If you’re still looking for ideas to implement in...
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