Real-time Ca­pac­ity Man­age­ment Us­ing Ca­pac­ity More Ef­fi­ciently May be the Fastest Way for Hospi­tal’s to Gen­er­ate Rev­enue

Modern Healthcare - - THE WEEK IN HEALTHCARE -

With hos­pi­tals fac­ing the prospects of tighter pay­ment stan­dards, and with mil­lions of newly in­sured seek­ing care, deeper staff cuts and ser­vice roll-backs are not a vi­able means for cost sav­ings. This year, we will in­stead see more hospi­tal man­agers em­brac­ing a trend long used by in­dus­try and com­merce – Real-time Ca­pac­ity

Man­age­ment™ - to stream­line flow, care for more pa­tients and drive rapid rev­enue in­creases. The real-time en­ter­prise con­cept is one whose time has come for health­care sys­tems. Moody’s pre­dicts that hos­pi­tals which can’t gen­er­ate enough ef­fi­ciency to stay abreast of all the up­com­ing changes will be forced to make spend­ing cuts and face merg­ers af­ter 2014. It’s clear that hospi­tal ex­ec­u­tives could use a so­lu­tion that will ad­dress over­crowd­ing, op­ti­mize op­er­a­tions and pro­duce rev­enue im­me­di­ately. Could the an­swer be as ‘sim­ple’ as keep­ing bet­ter track of pa­tients, em­ploy­ees and med­i­cal de­vices? With this en­gine of change, hos­pi­tals can place them­selves ahead of the game. By be­com­ing smarter – by us­ing in­for­ma­tion in real-time – hos­pi­tals can in­crease pa­tient through­put and rev­enue while main­tain­ing high qual­ity, pre­par­ing them for the stan­dards of this new era of health­care. In the decade ahead, the abil­ity to bet­ter use ex­ist­ing re­sources will be crit­i­cal. These next gen­er­a­tion sys­tems prom­ise to de­liver bot­tom line im­pact that may be greater and more im­me­di­ate than the con­ver­sion to EMRS. The fed­eral gov­ern­ment set aside $19 bil­lion for hos­pi­tals to adopt elec­tronic med­i­cal records. While it’s en­cour­ag­ing to see the clin­i­cal side of health­care be­com­ing more dig­i­tized to pur­sue its mis­sion, what will it do for the bot­tom line? How will EMRS help hos­pi­tals with their pledge to trim $155 bil­lion in waste un­der the cur­rent re­form law? Most health­care ex­ec­u­tives say it won’t help and that tech­nol­ogy in­cen­tives should go be­yond EMRS to in­clude op­er­a­tional and sys­tem ef­fi­ciency needs. There’s hard proof that an op­er­a­tional plat­form which drives out waste and sus­tains op­er­a­tional ef­fi­cien­cies can in­crease your mar­gin. Real-time Ca­pac­ity Man­age­ment™ gives you tighter con­trol, which goes right to the bot­tom line. Be­cause, with­out mar­gin there is no mis­sion.

The real-time en­ter­prise con­cept is one whose time has come for health­care sys­tems.

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