Week4 Discussion.docx - Changing reimbursement rates and reduced inpatient rates require healthcare organizations to reduce costs but still provide

Week4 Discussion.docx - Changing reimbursement rates and...

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Changing reimbursement rates and reduced inpatient rates require healthcare organizations to reduce costs but still provide coordinated, effective care. Savings can be realized by providing coordinated care, preventing negative patient outcomes and reducing readmission rates. According to Glaser, (2013) providers generally deal with many different health care plans but lack the appropriate technology to manage the billing and reimbursement of these plans. Providers can fall short of their net revenues, resulting in a challenging financial position for the hospital. Underpayment and write offs can cost a medium sized hospital with $370 million in revenues, $14 million (Glaser, 2013). The use of improved technology and identifying organizational waste can result in substantial savings for healthcare organizations. The following processes can provide cost saving measures, improving efficiency and patient outcomes. Revenue cycle management tracks the patient from the beginning point when the appointment is

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