As soon as you’ve implemented an EHR, the conversation will undoubtedly turn towards optimization. A 2017 study by KPMG in collaboration with CHIME reports that 38% of respondents ranked EMR/EHR optimization as their top choice for capital investments [...]
Is there any low-hanging fruit left?
How Much Money is Your OR Supply Program Throwing Away?
Today more than ever, technology is streamlining information and revenue flow in healthcare:
Ensure Financial Stability by Enhancing your Perioperative Program
See if this sounds familiar…your organization understands the importance of providing surgical services (65% of hospital revenue as generally reported[1]), and in fact, you cater to your surgeons and their requests. Strategic and IT initiatives that span [...]
Mind the Gap: Bridging the Coder-Clinician Relationship for Gains
Here at The Wilshire Group, we take pride in bringing resources together and navigating multidisciplinary areas to achieve optimal workflow and revenue cycle results. Last week we provided some ideas around CDI (clinical documentation integrity), and [...]
The modern Emergency Department is a crucial and fast-paced environment, providing care at high costs. It is imperative to obtain full reimbursement of services, yet many EDs struggle to charge and code their accounts effectively. As a result, vendors [...]
Lost in Translation: The Value of Accurate Charge Capture
On average, hospitals lose roughly 1% of potential net revenue due to issues and deficiencies with charge capture processes1. The financial stakes of the matter are certainly real, and usually understood. And yet, difficulties continue to arise due to a [...]