Our revenue optimization services include consulting and comprehensive process reviews to identify disconnects between medication purchases, charges and payment. These services range from pharmacy chargemaster formulary and claims review to revenue cycle management. We can assist with the development of policies, procedures and pricing structures to optimize financial performance and reduce coding errors and inefficiencies.
A Modern Healthcare analysis of earnings reports for about 200 hospitals and health systems, both not-for-profit and investor-owned, found that hospital margins narrowed significantly last year despite an improving economy.
Kutscher, Ben. “Fewer Hospitals Have Positive Margins as They Face Financial Squeeze” Modern Healthcare. 21 June 2014.