Our Blog
26
Jul
21st Century Financial Modeling
Budgeting in a reboot is not easy, especially since the recovery has been uneven. It’s all in the data but what you choose to do with that data is key. Delayed care for cancer treatment and screenings has produced more adverse outcomes and increased mortality. Those who delayed treatment for heart disease, diabetes, and other […]
Read More
5
Jul
The Charge Master
The Charge Master. The charge description master. The CDM. The price list of all charges for all services, treatment, and supplies. What do we make of this now that pricing transparency has been defined by the Feds as posting what providers will accept from payers as payment-in-full? Ask any consumer what pricing transparency is and […]
Read More
1
Jun
Measure potential change
CFO’s need a powerful predictive analytics algorithm to measure the net revenue impact of potential change. Our financial modeling does this not only at budget time but also in any season. Predictive analytics enables you to weigh alternatives and different scenarios with confidence when considering what potential change will do. Here are a few examples […]
Read More
30
Apr
Big Data
We drill-down to change in revenue drivers, billing, and reimbursement so you can address any area that needs improvement while pursuing new opportunities to grow net dollars. Our budget-modeling tool streamlines the top-line portion of a new budget by modeling different statistical combinations of revenue drivers, acuity, utilization, patient mix, and payer share. We start […]
Read More
29
Apr
More Big Picture Change
More big-picture change is on the way. Market disruption, innovation, and change itself are now the norm in our industry. You need data-based strategies, tools, and solutions to take advantage of change that ensures fiscal sustainability. We are data-driven in everything we do. It starts with reducing charges and inflated contractual allowances strategically to deliver […]
Read More
2
Mar
A Reboot Strategy
The adage you are either moving forward or falling behind rings trues given the level of competition today and rate of change itself. The pandemic has triggered a need to conduct a strategic review for many providers. You likely resumed doing elective surgeries in June of 2020, but volumes may still be lagging just as […]
Read More
18
Feb
Pricing Transparency Shouts Opportunity
The feds’ mandate for pricing transparency shouts opportunity for those who seek market dominance, operational growth, and fiscal sustainability. Now is a perfect time to reconfigure the charge master to deliver greater pricing transparency and defensibility, and restore the important ratio of cost-to-charges that will make the charge master a true revenue-generator once again. We’ll […]
Read More
11
Dec
Robust Analytics and Predictive Analytics
CFO’s now play a key role in operational decisions and decision support. A good BI analytics platform accepts multiple daily feeds for IP census data, all financial data from the financial IT platform, and data from any stand-alone sub-systems that have not been integrated with the IT financial platform. A robust BI analytics system enables […]
Read More
30
Nov
Patient engagement and branding
Placing a patient-friendly price estimator on the hospital website Home page for shoppable services will provide a realistic estimate of out-of-pocket patient responsibilities while enhancing the effectiveness of your patient engagement strategy. What will emhance this? Ensure the hospital website is well-designed, easy-to-navigate, and has good information for patients from their perspective Create a digital […]
Read More
21st Century Financial Modeling
Budgeting in a reboot is not easy, especially since the recovery has been uneven. It’s all in the data but what you choose to do with that data is key. Delayed care for cancer treatment and screenings has produced more adverse outcomes and increased mortality. Those who delayed treatment for heart disease, diabetes, and other […]
Read More
The Charge Master
The Charge Master. The charge description master. The CDM. The price list of all charges for all services, treatment, and supplies. What do we make of this now that pricing transparency has been defined by the Feds as posting what providers will accept from payers as payment-in-full? Ask any consumer what pricing transparency is and […]
Read More
Measure potential change
CFO’s need a powerful predictive analytics algorithm to measure the net revenue impact of potential change. Our financial modeling does this not only at budget time but also in any season. Predictive analytics enables you to weigh alternatives and different scenarios with confidence when considering what potential change will do. Here are a few examples […]
Read More
Big Data
We drill-down to change in revenue drivers, billing, and reimbursement so you can address any area that needs improvement while pursuing new opportunities to grow net dollars. Our budget-modeling tool streamlines the top-line portion of a new budget by modeling different statistical combinations of revenue drivers, acuity, utilization, patient mix, and payer share. We start […]
Read More
More Big Picture Change
More big-picture change is on the way. Market disruption, innovation, and change itself are now the norm in our industry. You need data-based strategies, tools, and solutions to take advantage of change that ensures fiscal sustainability. We are data-driven in everything we do. It starts with reducing charges and inflated contractual allowances strategically to deliver […]
Read More
A Reboot Strategy
The adage you are either moving forward or falling behind rings trues given the level of competition today and rate of change itself. The pandemic has triggered a need to conduct a strategic review for many providers. You likely resumed doing elective surgeries in June of 2020, but volumes may still be lagging just as […]
Read More
Pricing Transparency Shouts Opportunity
The feds’ mandate for pricing transparency shouts opportunity for those who seek market dominance, operational growth, and fiscal sustainability. Now is a perfect time to reconfigure the charge master to deliver greater pricing transparency and defensibility, and restore the important ratio of cost-to-charges that will make the charge master a true revenue-generator once again. We’ll […]
Read More
Robust Analytics and Predictive Analytics
CFO’s now play a key role in operational decisions and decision support. A good BI analytics platform accepts multiple daily feeds for IP census data, all financial data from the financial IT platform, and data from any stand-alone sub-systems that have not been integrated with the IT financial platform. A robust BI analytics system enables […]
Read More
Patient engagement and branding
Placing a patient-friendly price estimator on the hospital website Home page for shoppable services will provide a realistic estimate of out-of-pocket patient responsibilities while enhancing the effectiveness of your patient engagement strategy. What will emhance this? Ensure the hospital website is well-designed, easy-to-navigate, and has good information for patients from their perspective Create a digital […]
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