|
More Examples
D-MED Corporation has provided consulting services for various sized hospitals and other healthcare providers and always strives for successful results. Generally, the measure of success is based on certain key performance indicators relating to various aspects of the facility's accounts receivable. In every implementation or engagement,
D-MED Corporation establishes monitoring processes to indicate to the facility the progress and end results of the engagement. Quantifying this type of information provides the facility with an accurate picture of the benefits that have been derived from contracting with D-MED Corporation.
While every consulting project is unique in its own way, review of the following examples of actual results D-MED Corporation has achieved should help with the decision to use D-MED if a situation arises which requires outside assistance to address problems in a facility?s Receivable Management Program:
Actual Case Studies
Facility A
Hospital Information:
1. 100 bed facility, high Outpatient ER Volume
2. Suburb of Large Metropolitan Area (Southwest United States)
3. Proprietary Facility (Part of Medium Size Corporate Healthcare Organization)
4. Population 63,850
5. Majority blue-collar workers
6. Oil Industry
7. One of two hospitals in area (similar size)
8. Gross A/R $12,051,793
9. Patient Accounting System: Shared Medical Systems
Project Specifications:
1. Provide service as the Interim Director of Patient Business Services
2. Duration four months
3. Responsible for Admitting, ER Registration, Billing, Collections, Cashiering
Project Involvement:
1. Re-organize departments
2. Develop controls
3. Train staff
4. Address outside influences (Medical Records, Other Departments, Physicians, System issues, Third Party Collection Companies)
5. Develop policies and procedures
6. Develop productivity measurements and monitoring systems
7. Develop Quality Improvement Program
Project Results:
1. Total A/R reduced 35.4%
2. A/R Over 90 reduced 21.9%
3. Number of Accounts reduced 20.1%
4. Accounts over 25k reduced 59.1%
5. Gross days in A/R reduced 15.2%
6. Average Monthly cash flow increased by 20.2% (Over $300,000 per month)
|
