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presentation

The nexus between workload induced stress and diminishing revenue in hospitals

February 28, 2012



‘As if the accountability is not enough, they will also content with diminishing patient inflow and revenue generation. The sum of total of these two reactions would eventually tell on hospitals ability to sustain and grow amidst a highly competitive healthcare industry. And as health insurance becomes pervasive in healthcare industry, physicians will have to contend with medical billing and coding aspect too. When you consider the already gruesome schedule with the prospect of managing medical billing and coding, the issue is going to be worse. As hospitals seek to find an amicable solution that best endows physicians with an environment for discharging medical services that are in congruence with PQRS mandate, outsourcing medical billing services seems the possible answer.”

For years resident doctors have been the fulcrums on which the sustenance and growth of medical practices have thrived on, and will continue do so in future too. But, strangely – owing to unprecedented incidence of patient influx, and stiff competition – doctors’ ability are being stretched beyond their limits, resulting in either mediocre healthcare quality or error-prone service. Although hospitals are justified in optimizing resource capability, yet asking doctors to stretch beyond their ability may well prove to be detrimental to quality and reputation of the hospitals themselves. Judging by the recent medical survey results, which have found that as much as mediocre professionals, it is the stress that has been largely responsible for incidence of inferior or error-prone medical services.

Apart from inducing doctors into physical and psychological stress, work overload has the tendency to affect long-term revenue prospects of hospitals: imagine a scenario where physicians in a hospital setting are continuously called upon to be on vigil around the clock attending patients. As physicians continue with this gruesome schedule without the provision for revitalizing their physical and mental aptitude, they would eventually end up delivering services that may either be far below their competence or medically error-prone. As incidence of inferior quality service become more frequent, it does not take too long to tarnish the image of the institutions concerned. Although unintentional, hospitals will have to be accountable for inferior medical services.

As if the accountability is not enough, they will also content with diminishing patient inflow and revenue generation. The sum of total of these two reactions would eventually tell on hospitals ability to sustain and grow amidst a highly competitive healthcare industry. And as health insurance becomes pervasive in healthcare industry, physicians will have to contend with medical billing and coding aspect too. When you consider the already gruesome schedule with the prospect of managing medical billing and coding, the issue is going to be worse. As hospitals seek to find an amicable solution that best endows physicians with an environment for discharging medical services that are in congruence with PQRS mandate, outsourcing medical billing services seems the possible answer. Apart from effectively and efficiently managing Revenue Management Cycle, competent outsourced medical billing services may well provide the cushion for efficient medical services.

As hospitals are faced with the scenario, wherein they find themselves torn between physicians’ interest and revenue prospects, Medicalbillersandcoders.com’s ingenious services that best integrates advices for relieving physicians from non-core medical issues, and revenue-augmenting medical billing Revenue Cycle Management (RCM) may well prove to be indispensable. Its proven credentials for being an operational ally in resolving many medical related issues could make resolving this issue less daunting and more efficient. Its ingenious advisory apart from the regular Revenue Management Solution – comprising Patient Scheduling and Reminders, Patient enrollment, Insurance Enrollment, Insurance verification, Insurance Authorizations, Coding and audits, Billing and Reconciling of Accounts, Account Analysis and Denial Management, AR Management, and Financial Management Reporting – should be enough justification of its ability.

 

Category : Practice Administration