And never the twain shall meet? Integrating revenue cycle and supply chain functions.
Four initial steps to implementing a profit and loss management model are: Identify the supplies clinicians are using. Empower stakeholders to remove items that are not commonly used. Reduce factors driving wasted product. Review the chargemaster to ensure that supplies used in selected procedures are represented. Strategically set prices that optimize maximum allowable reimbursement.
Matjucha
Karen A
KA
Deloitte Consulting, LLP, Boston, USA. kmatjucha@deloitte.com
Chung
Bianca
B
D003299:Cooperative Behavior; D004465:Economic Competition; D004469:Economics, Hospital / Q000458:organization & administration*; D017598:Efficiency, Organizational / Q000191:economics*; D005377:Financial Management, Hospital / Q000458:organization & administration*; D008421:Materials Management, Hospital / Q000458:organization & administration*