Integrated, automated revenue management for managed care contracts.
Faced with increasing managed care penetration and declining net revenue in recent years, healthcare providers increasingly are emphasizing revenue management. To streamline processes and reduce costs in this area, many healthcare providers have implemented or are considering automated contract management systems. When selecting such a system, healthcare financial managers should make certain that the system can interface with both patient-accounting and decision-support systems of the organization. This integration enhances a healthcare provider's financial viability by providing integrated revenue-management capabilities to analyze projected performance of proposed managed care contracts and actual performance of existing contracts.
Burckhart
Kent
K
Health First, Inc., Melbourne, Florida, USA. Kent.Burckhart@health-first.org
D000067:Accounts Payable and Receivable; D003284:Contract Services / Q000191:economics; D003363:Cost Control; D003660:Decision Support Systems, Management; D005376:Financial Management / Q000458:organization & administration*; D008329:Managed Care Programs / Q000191:economics*; D008331:Management Information Systems; D017008:Negotiating; D018511:Systems Integration; D014481:United States