Post details: Increasing Your Hospital's Profit

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Increasing Your Hospital's Profit

August 10th, 2005

hfmaroundtable

Judging by the comments on Matthew Holt's recent posting on hospital price gouging, this isn't exactly a popular topic for the masses: how to increase hospital profits.

Yes, there is some price gouging (intentional and unintentional) going on out there. Yes, some hospitals are overly-aggressive with their collections practices. And yes, lots of hospitals still need to get together a coherent pricing policy (as well as a community benefit stance).

Nonetheless, hospitals also get the shaft thanks to patients who can pay but don't and government agencies that don't even pay to cover costs. To top it all off, many hospitals shoot themselves in the foot with poor medical information technology, wrong coding, poor management etc. It's these controllable revenue cycle factors that this HFMA white paper focuses on - worth a read.

Comments, Pingbacks:

Comment from: Insider [Visitor]
I worked for people with HFMA membership, and they tried to screw me out of my monthly commission by conveniently forgetting to pay it to me, even though everyone else got theirs. Then, when I tried to get it IN WRITING that they would pay me on my next check, they got all skittish about putting anything in writing to admit that they (cough) conveniently forgot about my commish. And the language that we heard from managers! Oh my God. A male operations manager at this dump (run by HFMA members) was making fun of the various patients and the diagnosis listed on the UB92's all the time. Once, he even told the female supervisor to hold on a minute, because he had to use the washroom and it was "running down my leg" (he was being sarcastic, not serious, but what low class, unprofessioanal behavior for a corporate office!). HFMA is all about $$$, no doubt about it. Unfortunately, from my experience working for some of their members, the focus on $$$ is totally at the expense of PEOPLE. There is no "care" in the word "healthcare" when dealing with some of these creeps. Go find some people who worked as claim reps for Illinois billing and collections companies and ask what they think of the HFMA people who run some of these places. You'll find a lot of very dissatisfied people, because our turnover was just unbelievable. People were calling the place The Revolving Door. Very sleazy people, at least from my personal experience working with some of them in Illinois. They need to learn what PROFESSIONALISM means, because it DOES NOT mean jokes about having your urine running down your leg, for God's sake. Pigs!
Permalink 07/15/06 @ 01:45

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