3 Simplified Hospital Cost Accounting Methods [Infographic]

By Stephen Manna Posted May 25, 2017 in Business Intelligence, Academy

Shrinking hospital margins headline much of the healthcare news these days. But how do you know if your margins are shrinking if you aren’t sure what your costs are. 

In order to assess the profitability of your hospital, you must know what your hospital costs are.

In this infographic we have highlighted three common Hospital cost accounting methodologies.

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Strategies for Improving ED Throughput

By Adrienne Greason Posted Oct 28, 2016 in Business Intelligence, Academy

It’s 7 p.m. and you’ve just been in an accident. Nothing serious, but you think you’re ankle is sprained. You decide to go to the emergency room. Upon entering the ER, you see EMTs wheeling in patients on gurneys with oxygen. As you continue into the waiting room you hear someone mention a multicar accident. You look around for a seat, but the waiting room is crowded. As a stable patient, you might be in for a long wait.

It’s no secret that longer emergency room waiting times can lead to worse patient outcomes and lower patient satisfaction scores. In this critical department of the hospital, each moment can mean the difference in the life of the patient.

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Reducing Readmissions with Predictive Analytics

By Erin Heilman Posted Apr 08, 2016 in Business Intelligence, Academy

The current state of Medicare readmission penalties 

In this blog, we explore how hospitals are using predictive analytics to determine at-risk patients. We consider how the risk assessment tool can lower a hospital's readmission rates.

This year, a staggering 77 percent of hospitals will receive some percentage of penalty to their 2016 funding under Medicare’s Readmissions Reduction Program

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Cost Accounting eCourse

This basic course will explain to you how to get cost accounting system set up quickly in your hospital.

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