Revenue Recovery and Margin Retention
According to a recent National Hospital Flash Report, 50% of hospitals ended 2022 with negative operating margins. Ensuring financial stability is a critical issue for hospitals and medical practices. A common reactive approach to this issue is to cut spending. However, creative margin improvement can be achieved by more than just lowering costs. Leveraging business intelligence and data analytics can uncover opportunities to place highly skilled professionals and improve revenue capture and savings, providing multiple measurable benefits.
Adopting revenue cycle solutions, physician placement, analytics-powered managed services, and predictive staff scheduling can all contribute to achieving financial goals for health systems. Our resource showcases how our solutions support your bottom line through:
- Identification of cost-savings opportunities
- Improvements to operating margins
- Reduced premium labor spend
- Candidate recruitment, selection, interviewing, and onboarding
- Management of vendors, agencies, and contracts
- Better staff schedules
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