Understanding your true cost to collect.
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Biomedical subjects
Publications and source records attributed to Healthcare Financial Management Association.
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As healthcare organizations look for ways to gain new efficiencies and reduce costs, they are examining surgical services with a critical eye. In many cases, the operating room (OR) was not included in enterprisewide reengineering efforts, thereby limiting the positive impact of those efforts. Healthcare organizations are recognizing that every point along the patient care continuum is interrelated. To truly maximize reengineering efforts, they need to integrate the entire process and information flow within the OR and across the enterprise.
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This piece is the first in a new series focused on improving profitability in the OR. Subsequent articles will present case studies, tools and best practices to help healthcare organizations improve resource management and increase profitability. The healthcare industry is at a financial impasse. While costs have increased, reimbursement has decreased. And just when the aging baby boomers are at the cusp of needing more care, the current nursing population is retiring, with too few new nurses to fill their shoes. Furthermore, healthcare organizations are experiencing the phenomenon of "profitless growth," a situation in which beds are full and resources appear to be fully utilized, yet profits are stagnant. Where can organizations focus to help close these gaps? The OR remains the single biggest opportunity. This project is a collaboration between McKesson Information Solutions and HFMA. The series will uncover hidden profit opportunities in the OR by focusing on three key areas: streamlining workflow, improving resource standardization and utilization, and integrating information and decision-making.
A clearly defined method for measuring and analyzing operating room (OR) processes provides a common language for focusing management's attention on areas of variability that can be eliminated. But hospitals must also assess OR performance against multiple financial aid and clinical quality metrics to achieve continuous improvement in patient outcomes and profitability enterprisewide. This project is a collaborative effort by McKesson Information Solutions and the Healthcare Financial Management Association.