Repricing plan yields realistic revenue enhancement.
Actual reimbursement plays a key role in hospital rate restructuring. Moving away from a policy of rate setting "across-the-board" and toward modifying charges that positively affect a hospital's bottom line can more effectively generate net operating revenue, increase cash flow, and reduce increases in contractual allowances. A participatory approach between senior executives, managers, and physicians is working at several hospitals.
Pickard
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JG
Friedman
R A
RA
Johnson
T J
TJ
D000066:Accounting / Q000379:methods; D005249:Fees and Charges / Q000706:statistics & numerical data; D005377:Financial Management, Hospital / Q000379:methods*; D006748:Hospital Departments / Q000191:economics*; D007182:Income / Q000706:statistics & numerical data; D007324:Institutional Management Teams; D007350:Insurance, Hospitalization / Q000706:statistics & numerical data; D008962:Models, Theoretical; D011907:Rate Setting and Review / Q000379:methods*; D014481:United States