Posts in Hospital Budgets

The Ohio State University Wexner Medical Center: Focusing on What Matters

Before partnering with Professional Medical Services, OSUWMC was facing two challenges: reducing their outstanding AR accounts and increasing reimbursements.

Surviving the cuts to your hospital’s budget

Tough economic times have forced a lot of hospitals to cut down on their budgets. That doesn’t mean that the quality of care should suffer, however.

Hospitals in Mass must rethink revenue cycle [Video]

New study says hospitals in Massachusetts must rethink their approach to revenue cycle management or risk closing.

Hospitals posed new challenges in managing risk [Video]

With the pressure of consumer demand and their own bottom-line, hospitals are currently facing new challenges in risk management.

Lower readmission rates mean lower costs [Video]

Pennsylvania hospitals saved millions in expenses by reducing their readmission rates.

Adapting to changing roles and demands in hospital finance

As the health care industry shifts, so do roles in finance departments.

Cut down on unnecessary 911 calls to avoid excessive costs

One of the major problems that plagues hospital budgets everywhere is the overuse of ambulances in response to unnecessary 911 calls.

Revenue cycle and supply chain are inextricably linked

One of the best ways hospitals can address inefficiencies in the supply and revenue cycles is to conduct a thorough review of what’s currently working and what could use an adjustment.

Revenue cycle management dominates master plans for hospitals in 2015

A 2015 study by Hospital Finance Management magazine found that revenue cycle management is central to medical facilities’ ability to expand according to their master plans.