As healthcare continues its shift towards value-based care, hospitals and health systems are working to improve the quality of care while reducing costs. Striking a balance between the two is a challenge.
There's one type of cost in particular that usurps a large portion of the budget. If managed, it could make a significant difference: administrative costs. Roughly 25% of all U.S. hospital spending consists of administrative costs. 1
However, by standardizing processes, utilizing resources efficiently and leveraging economies of scale, it is possible to help reduce administrative costs. We can help you with the reduction of duplicate testing, mistakes in documentation, missing prescription orders and lost paper faxes. Our healthcare services and solutions help to increase administrative efficiencies, reduce human error and improve operating margins.
Optimize resource and capacity utilization
issues by working smarter, not harder. For example, rooms of file storage can be scanned and transformed into digital information and the space can be used as a patient room or to house an MRI machine that creates a new revenue-generating practice. By optimizing the utilization of both clinical and administrative resources, we can help you find ways to deliver high quality care while being cost-conscious.
You can also free your departmental resources to focus on their primary mission, using shared management services
, like our Integrated Services Center. Ancillary yet critical functions like claims processing, forms management, AP/AR, mailroom services, scanning solutions and more can be managed by us, saving time, resources and costs. Create economies of scale, be nimble so you can adjust to changing environments and have more time to focus on patient care.