Containing revenue-cycle costs.
Healthcare organizations can achieve revenue-cycle improvement while maintaining optimum staffing levels by taking a three-step approach-developing a plan, measuring costs, and using benchmarks to measure performance. Planned cost reductions can be achieved without a negative impact on the organization. Cost-reduction strategies should look at purchased services, staffing, and the cost-to-collect ratio. Healthcare organizations should reach target performance levels before implementing a cost-reduction strategy.
Geer
Robert
R
Accelerated Receivables Management, LTD, Park Ridge, Ill., USA. rgeer@armltd.com
Burton
Eric
E
D000067:Accounts Payable and Receivable; D019985:Benchmarking; D003361:Cost Allocation; D003363:Cost Control / Q000379:methods; D017598:Efficiency, Organizational; D005377:Financial Management, Hospital / Q000379:methods*; D017408:Guidelines as Topic; D008330:Management Audit; D009937:Organizational Objectives; D010561:Personnel Staffing and Scheduling / Q000191:economics; D010934:Planning Techniques; D014481:United States