Download presentation
Presentation is loading. Please wait.
Published byRosalyn Bell Modified over 8 years ago
1
www.hometownhealthonline.com Jimmy Lewis Kathy Whitmire
2
www.hometownhealthonline.com Critical Indicators ◦ Salaries, Wages & Benefits – 43% ◦ Days in A/R - 38 ◦ Supplies – 11% of Net Revenue ◦ $103,000 Net Revenue per FTE
3
www.hometownhealthonline.com Telemedicine is the Future of Rural Medicine Leverages specialty services and brings them to your community for small cost Reduces cost to deliver services to Nursing home, mental health, prisons, etc with same reimbursement.
4
www.hometownhealthonline.com The foundation of your A/R The key to a successful bottom line Business Office Director resists change and may turn down new technology/solutions in order to prevent change or learning new processes Need full analysis of Patient Access and Business Office processes annually
5
www.hometownhealthonline.com The evidence is in the passage of HB1055 Hospital Field trips with Governors Office Staff and budget writers
6
www.hometownhealthonline.com STREAMLINE – IMPROVE EFFICIENCY – TRACK EVERY DOLLAR – ENSURE COMPLIANCE Technology makes data available ◦ Benchmarking & Work Flow Tools Like– QUADAX BENCHMARK REVENUE
7
www.hometownhealthonline.com THREATS TO HOSPITAL CASH FLOW: ◦ Recovery Audit Contractors ◦ CAHABA Prepayment review hold -CMS Rules ◦ HB 1055 Provider Payment Program ◦ MMIS Conversion from ACS to HP/EDS ◦ Cost Report Settlements
8
www.hometownhealthonline.com Education required in this constantly changing environment The survivors will: ◦ Make education a priority for Management & Staff ◦ Participate if FREE webinars giving updates on Medicaid / Medicare / RACS ◦ Make recommended changes to improve ◦ TRAIN – TRAIN - TRAIN
9
www.hometownhealthonline.com Understand that it takes a demographic of 35,000 – 40,000 to support a full service hospital ◦ Network with neighboring hospitals to identify needs of the larger demographic community and how you can work together to continue to meet those needs ◦ Create alliances
10
www.hometownhealthonline.com Central Chargemaster – in development Electronic Interqual Group Buy ◦ Reducing cost of electronic admissions criteria from $30,000 to $5000 SHIP grant Programs - like RAC/ HITECH ◦ Ensuring access to $2Million for HIS / EHR Central Online Payment Portal – ◦ reducing transactions fees by 30 – 35% Benchmarking Data – Executive Dashboard ◦ Aggregate data to negotiate pricing as a group BENCHMARK REVENUE
11
www.hometownhealthonline.com $2,000,000 for Hospitals ($666,000) $44,000 per Eligible provider ($18,000) 1 st payment made April 2011 EHR PARTNERS ◦ Healthland- NextGen ◦ HMS- Ingenix ◦ Siemens- Ingenious Med HTH SHIP HITECH EHR Program
12
www.hometownhealthonline.com PLAN AHEAD – When the crisis happens its often too late COMMON HEALTHCARE CRISIS: ◦ Payroll ◦ Cash Flow Disruption ◦ Medicaid Conversion ◦ New provider numbers
13
www.hometownhealthonline.com HomeTown Health Partner Program ◦ Does the reference checking ◦ Proven Best Practice Solutions ◦ HTH holds partners accountable
14
www.hometownhealthonline.com Healthtrust Purchasing Group (HPG) ◦ 15% - 30% Savings on total spend nTelagent – ◦ Upson - $100,000 Up Front Cash Collections in March Quadax – ◦ Cash Flow Mgmt & Denials Mgmt (AT NO EXTRA COST for HTH hospitals) Cboss – ◦ ONLINE Payment Processing Commerce Bank ◦ Accounts Payable Funding with rebate of 1.5% INGENIX – No Upfront Cost and $200/month for Physician EHR
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.