Strategies for boosting outpatient care profitability.
With outpatient charges approaching one-fourth of hospital revenues nationwide, healthcare providers are pressed to handle this care more efficiently and profitably. Five steps toward healthier profit margins for outpatient services involve finding ways to expand volume and market share; setting and meeting strict quality standards; studying operational efficiency; working with physicians to improve productivity; and monitoring price-cost relationships.
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D003365:Costs and Cost Analysis; D004526:Efficiency; D005376:Financial Management / Q000379:methods*; D007182:Income; D010044:Outpatient Clinics, Hospital / Q000191:economics*; D010820:Physicians; D011787:Quality of Health Care; D014481:United States