The health system was unable to successfully fill several key leadership roles within their home care agency after a loss of leadership. Eleven critical positions were vacant within the clinical, quality assurance, and finance departments. As a result, leadership, strategy, quality performance, and compliance profoundly suffered...
With a successful system conversion, providers can look forward to reduced write-offs, increased cash flow, better revenue recognition, detailed data metrics and more insight on day-to-day operations. In order to yield long term benefits of a system conversion, it’s crucial to find a right fit for your organization as well as assess cultural readiness and process changes.
Engrain to sustain -- By taking these steps, you will engrain processes improvements into the culture of an organization and create an efficient and successful environment.
Under the Global Budget Revenue model, hospital revenue must fall within 5% of the cap budget or face a CMS penalty. At a large health system in Maryland, revenue fell 7% under the hospital global cap budget in the fiscal year 2015.