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Albert Einstein famously said, “Insanity is doing the same thing over and over and expecting different results.” A strategic plan forms the foundation of success for any healthcare organization. That strategic plan includes goals, objectives, metrics, and key performance indicators. All too often, though, revenue goals or expense cutbacks fail to materialize. Why? Because healthcare […]

While the COVID-19 pandemic has taken a toll on every person living on Planet Earth, none have felt the impact more keenly than frontline healthcare workers. A year into the pandemic, The Guardian reported that more than 3,600 U.S. healthcare workers had lost their lives to the novel coronavirus. More than half were younger than […]

Physician scheduling practices are more than administrative. Scheduling efficiencies improve your hospital’s bottom line, while poor processes rob you of revenue. MDsyncNET has developed an infographic to highlight four ways that poor physician scheduling practices undercut hospital revenue: When a surgeon cancellation isn’t communicated in a timely manner, the resulting empty operating room can result […]

If your healthcare organization experiences patient leakage, one of the culprits may be transfer delays. MDsyncNET has developed an infographic to highlight four factors that cause transfer delays and contribute to patient leakage: Lack of processing standards: Community hospitals instead opt for facilities with streamlined transfer/call center processes Communication challenges: Back-and-forth calls consume valuable staff […]

Hospitals recognize that patient referral leakage is a problem that negatively impacts their bottom lines. Fully 43 percent of administrators estimate that leakage results in a loss of more than 10 percent of annual revenue. Close to one in ten hospital executives - 87 percent - are prioritizing plugging those leaks, yet don’t always have […]

COVID-19 has turned the perennial drip-drip-drip of patient leakage into a geyser of lost revenue. Across the country, elective and preventative care procedures have plummeted, as has the typical volume of non-COVID emergent care. The result? Hospitals and health systems are on pace to log unprecedented revenue losses in 2020. The question of how to […]