3 Ways to Improve Health System Profitability
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A study recently published in Health Affairs showed that more than half – 55 percent – of U.S. hospitals lose money on each patient they serve. Why? Too often healthcare organizations cling to outdated operations that actually create barriers for patients and referring providers, which eats away at profit margins.
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3 Ways to Improve Health System Profitability
- 1. © 2016 SCI Solutions | All rights reserved1 www.scisolutions.com
- 2. $1.7 million. That’s how much an average referring provider represents to destination providers annually. Yet, many organizations fail to cultivate or manage those relationships. © 2016 SCI Solutions | All rights reserved2 www.scisolutions.com
- 3. 60 minutes and $200. That’s what each open slot costs a typical physician. If you’ve got open MRI or CT slots, it costs even more. Between unfilled appointments and no- shows, expensive resources are left idle. © 2016 SCI Solutions | All rights reserved3 www.scisolutions.com
- 4. $31 billion. That’s how much gets spent each year dealing with insurance authorizations and payments. When authorizations don’t arrive in time, patients are often never rescheduled. © 2016 SCI Solutions | All rights reserved4 www.scisolutions.com
- 5. © 2016 SCI Solutions | All rights reserved5 www.scisolutions.com