Financial Viability Is the Major Concern of Healthcare CEOs
Financial viability is the ability to generate sufficient income to meet operating payments, debt commitments and, where applicable, to allow growth while maintaining service levels.’ To survive and thrive in a highly competitive business environment, every organization wants to ensure a steady flow of cash to meet the expenses and to reinvest for infrastructure development. […]
What is a Line of Credit and How Can it Help Your Hospital
Before we talk about how a line of credit can help you, it would be beneficial to first establish what exactly it is. Put in basic terms, it’s a loan. However that is too over-simplistic to be helpful. A line of credit is, yes, a loan. But the customer or entity receiving the loan will […]
Six Fundamental Revenue Cycle Metrics Management
Revenue cycle metrics management is important because it lets you keep track of claims processing, payment and revenue generation. If you do not want to lose revenue, it is essential to track revenue cycle metrics management metrics, as every dollar lost can cause more adverse impact than you expect. 1. Gross Collection Percentage: This is the difference […]
Common Billing Errors That Can Affect Nursing Home Inspection Outcomes
Billing Errors in Nursing Homes or anywhere else, happens whether due to coding mistakes, duplicate charges, or incomplete documentation can trigger compliance issues that tarnish a facility’s reputation and result in costly penalties. Moreover, such errors often raise red flags for inspectors, leading to increased scrutiny and potential downgrades in a facility’s rating. Nursing home […]