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
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
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.