Critical Access Hospitals: Financial Struggles
A recent study published in JAMA by researchers from Johns Hopkins University and Brown University highlights the financial challenges faced by Critical Access Hospitals (CAHs) compared to larger acute care hospitals. Becker’s Hospital Review Key findings include: This study points out that optimizing revenue production from current services is essential to the financial success of […]
Do Your ER And OR Levels Actually Work?
ER and OR levels Every hospital has their own approach to determining levels of care in the emergency room and the operating room. Given the differences among hospitals, it is not surprising to find that some approaches are more successful at recognizing resource allocation than others. So the question every hospital leader needs to ask […]
Revenue Cycle Lessons A University Hospital Learned From An ER Nurse
Tight Budget at a University Hospital As an ER nurse, Suzanne has worked in a lot of places. She is comfortable with the intensity of the emergency room and knows how care is provided. But when she needed a change, she started helping hospitals on the revenue cycle side. She remembers one of her first […]
The Top Place You’re Bleeding OR Revenue – And How To Recover It
OR revenue Hospitals make more money on surgical patients than medical patients. There are a number of reasons for this but the most basic is that they are simply reimbursed more for the surgical patients. This can lead hospitals to think they are generating all the revenue they can from their OR. Unfortunately, this is […]
Revenue Cycle Lessons A Critical Access Hospital Learned From An OR Nurse
Perioperative care in critical access hospitals: Holly’s Impact on Revenue Recovery Critical access hospitals face significant financial challenges, with tight budgets and limited resources making every penny crucial. Holly, a former perioperative nurse who now specializes in hospital finance, is making a tangible difference. She helps these hospitals recover missed charges, significantly improving their financial […]
A Surefire Way Hospital CEOs and CFOs Can Increase Revenue
The revenue hospitals aren’t seeing. Hospitals are digging deep to make ends meet yet don’t see revenue opportunities right in front of their eyes. With a simple change of perspective, hospital CEOs and CFOs can increase revenue. Hospital revenue has taken a real beating. Ever since COVID hit, hospitals have been swimming against the tide […]
3 Reasons Your Staff Might Not Be Interested in Increasing Hospital Revenue
One of the best ways for a hospital to bring in more revenue is to have a clinician review procedures for missed charges. Yet revenue cycle teams often push back on this approach. When that happens, they aren’t being obstinate for no reason; they likely believe they have everything well in hand. To address this, you […]
A Hidden Way Travel Nurses Are Breaking Your Budget
High costs, long contracts Hospitals across the country are struggling to stay afloat in the wake of relentless economic pressures, with staff shortages topping the list. The issue is especially dire when it comes to nursing staff. Since 2020, hospitals have been relying extensively on travel nurses to fill gaps in their schedules. Worse, as […]
The Missing Ingredient To Help Your Rev Cycle Team Increase Revenue
Hospital rev cycle teams are prized for their ability to keep revenue and payments flowing. Team members are selected for their technical expertise, knowledge of medical billing, and ability to navigate complex payer requirements. Yet virtually all of them lack the one thing most likely to help your rev cycle team increase revenue: clinical expertise. […]
3 Missed Opportunities For Recovering ER Revenue
Invisible losses Hospitals, despite all the financial pressures they are facing, continue to ignore opportunities to recover missed revenue from their emergency departments. After all, it is easy to ignore a situation you don’t see. So here are the three areas where hospitals should look to begin recovering ER revenue. Missed charges The most obvious […]