Posts

How to Intelligently Invest in Automation for Revenue Cycle Management: 5 Strategies

-
  Revenue cycle management optimization companies have been talking about automation for years.    Automation is not a secret, yet many organizations are not investing in  automation in  the right way.    A strategic approach to investing can work wonders for your organization. Instead of shoehorning robotic process automation (RPA) into fields where it doesn’t fit, you can target the best opportunities for automation, artificial intelligence, machine learning, and RPA.   How should your organization intelligently invest in automation for revenue cycle management ? Here are some of the strategies organizations are using to maximize their success.   Identify High-Value  Opportunities   I t ’s a basic rule of business to identify the highest-value opportunities,  then exploit those opportunities. Automation can benefit from a similar approach.   Identify the areas of your business with the biggest opportunities for automation.   To find those areas, ask yourself the following questions:
1 comment
Read more

Why Healthcare Employees Leave: And How to Attract and Retain Top Talent

-
  Many healthcare organizations struggle to retain talent. Unfortunately, this leads to big losses. A median turnover in the emergency medical services (EMS) space costs an agency $72,000, according  to Prehospital Emergency Care . Meanwhile, the  average cost  of a turnover for a bedside RN is $52,100, causing the average hospital to lose $4.4 million to $6.9 million. Some healthcare organizations spend 5% of their annual operating budget on employee turnover and related expenses. By emphasizing employee retention and minimizing patient turnover, healthcare organizations can save millions of dollars per year. Today, we’re explaining why employees leave – and how today’s top healthcare organizations are attracting and retaining top talent . Top 3 Reasons Employees Leave Healthcare employees leave organizations for any number of different reasons. However, one study found that professional development, poor work-life balance, and bad managers were responsible for most departures. Accord
Post a Comment
Location: Nashville, TN, USA
Read more

4 More Rural Hospital Success Stories from Small Towns Across America

-
Rural hospitals are closing across the country. Naysayers may say it’s the end of rural healthcare as we know it. However, many hospitals are flipping this t r end on its head.   America’s best rural hospitals are thriving in uncertain times by expanding care, taking advantage of telemedicine, and specializing in in-demand areas.   By taking this approach, rural hospitals have grown revenue even when dealing with aging populations, higher-than-average Medicare patient totals, and other challenges that have sunk competing providers.   Today, we’re exploring  four  more rural hospital success stories from small towns across the United States .   Gold Beach, Oregon Hospital Increases Services, Becomes Economic Driver for Region   Gold Beach, Oregon is a small, relatively isolated community along a picturesque section of Oregon’s southern coast.   For decades, the community was served by a small, outdated facility built in the 1950s. The facility exclusively provided acute care, meaning pa
Post a Comment
Location: Nashville, TN, USA
Read more