Cre­at­ing the Foun­da­tion for Fi­nan­cial Health in 21st Cen­tury Health­care Pro­vi­sion: Lever­ag­ing IT and Best Prac­tices via Busi­ness Process Out­sourc­ing

A Frost and Sul­li­van whitepa­per spon­sored by SPI Health­care

Modern Healthcare - - PERSPECTIVES -

The fi­nan­cial health of health­care providers is be­ing se­verely chal­lenged in an era where fun­da­men­tal fac­tors are clash­ing. The ag­ing pop­u­la­tion is lead­ing to in­creased de­mand for ser­vices where skilled providers are in short sup­ply, pay­ers are be­com­ing stricter about re­im­burse­ment, and many pa­tients are los­ing in­surance. Hos­pi­tals and physi­cian prac­tices are caught in the nexus of th­ese con­flict­ing forces, and to sur­vive, they are re­act­ing as busi­nesses must — by ex­tract­ing eco­nomic ef­fi­ciency wher­ever pos­si­ble.

In this SPi Health­care-spon­sored white pa­per, Frost and Sul­li­van dis­cusses the chal­lenges im­pact­ing health­care providers and how lever­ag­ing IT and best prac­tices via busi­ness process out­sourc­ing can im­prove a provider’s fi­nan­cial health.

Ar­eas of dis­cus­sion in­clude:

De­clin­ing re­im­burse­ments and bot­tom line

Higher lev­els of com­pe­ti­tion

Con­tin­u­ing impact of health­care re­form

In­creased com­plex­ity of clin­i­cal doc­u­men­ta­tion – ICD-10

In­creased im­por­tance of busi­ness pro­cesses

About SPi Health­care

SPi Health­care is the in­dus­try’s lead­ing rev­enue cy­cle man­age­ment and clin­i­cal doc­u­men­ta­tion im­prove­ment firm. We en­able our clients to join the ranks of health­care’s best­per­form­ing providers by fo­cus­ing on their over­all fi­nan­cial health. Our full-spec­trum ap­proach ac­cel­er­ates cash flow and mit­i­gates risk, fa­cil­i­tat­ing im­proved op­er­a­tions through rein­vest­ment and strate­gic growth.

SPi Health­care So­lu­tions

Rev­enue Cy­cle Man­age­ment

Health In­for­ma­tion Man­age­ment

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The ag­ing pop­u­la­tion is lead­ing to in­creased de­mand for ser­vices where skilled providers are in short sup­ply, pay­ers are be­com­ing stricter about re­im­burse­ment, and many pa­tients are los­ing in­surance.

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