Maximizing your top-line revenue
Hospitalist Leadership Connection, November 25, 2008
Have you had to fund a child’s college education? Do you remember the questions that you asked before you wrote the checks? No one likes to overpay because the right questions weren’t asked. The hospital administrator will have similar questions before any contracts are drawn up. One question regarding your hospitalist program structure to ask is, “Are you maximizing your top-line revenue?”
You probably would not like to subsidize inadequate charting, coding, billing, and collection efforts. As such, the practice must prove:
- Proper pricing
- Tracking systems to identify patients
- Capture charges
- Accurate charting and coding
- Billing
- Collecting
- Audits and training programs to maximize collections
Comparison data are available from the Society of Hospital Medicine, as well as the Medical Group Management Association. Such data will provide charges and collections per hospitalist that allow you to compare your performance.
The above excerpt is adapted from The Hospitalist Program Management Guide 2nd edition by Kenneth G. Simone, DO, and Jeffrey R. Dichter, MD, FACP, published by HCPro, Inc.
Comments
0 comments on “Maximizing your top-line revenue ”
Related Products
-
Medical Staff Briefing
This monthly resource acts as a support system by providing time-saving tools, expert advice, and analyses to help you...
-
Medical Staff Leader Connection
Subscribe to our weekly e-mail newsletter for medical staff leaders that provides them encouragement, tips, tools, and...
-
CNA Training Advisor: Lesson Plans for Busy Staff Trainers
Finally-a staff training program that really works!
-
The Surgical Hospitalist Program Management Guide:
The Surgical Hospitalist Program Management Guide: Tools and Strategies for Executives and Physicians is a first-of-its-kind...
-
The RUG-IV Conversion: Financial Implications for Your Facility
When RUG-IV takes effect on October 1-whether in part or in full-is your facility prepared for the financial and operational...
Most Popular
- Articles
-
- Q/A: Volume requirement for reporting hydration services
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Catch up on what's new with injections and infusions
- Topic: CMS, OESS post new security compliance review information, checklist
- What does case-mix index mean to you?
- Capturing all necessary codes for IUD insertion and removal can be challenging
- News and briefs: Oklahoma Osteopathic Association against residency bill change
- QA:Coding multiple initial infusions
- OB services: Coding inside and outside of the package
- HIPAA Q&A: Level of encryption needed for email
- E-mailed
-
- Q/A: Volume requirement for reporting hydration services
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Catch up on what's new with injections and infusions
- New conflicts of interest create new challenges
- Q&A tackles coding questions about injections and infusions
- Joint Commission Center announces handoff communication solutions
- Inside best practice: Reduce patient falls with a stoplight
- Identify modifiable risk factors to prevent patient falls
- Hospitalist-surgeon comanagement has no effect on outcomes
- Case Management Monthly, June 2012
- Searched