Improving Profit Margins & Payment Velocity & Yield

Margin improvement initiatives are a top priority for executives regardless of hospital size or previous financial performance. Unfortunately, middle management often struggles to operationalize specific initiatives set by the C-suite and board of directors. Join BKD’s Health Care Performance Advisory Services team as we share case studies, practical strategies, and key performance indicators (KPI) for identifying and operationalizing margin improvement initiatives. 

Learning Objectives

Upon completion of this program, participants will be able to:

  • Describe barriers to operationalizing margin improvement initiatives
  • Identify specific action items, KPIs, and associated benchmarks needed to monitor revenue-generating and cost savings efforts across the following:
    • Revenue Cycle
    • Labor
    • Supplies
    • CDI
    • 340B
    • Utilization Management
    • Physician Practices
  • Discuss case studies from hospitals that have successfully implemented margin improvement initiatives and learn what initiatives were most successful
  • Identify changes to organizational cost structure and revenue cycle metrics as a result of COVID-19's effect

The information contained in these slides is based on the information available as of the date of this live presentation and is subject to change. The content was presented for illustrative purposes and your information only. Applying this information to your situation requires careful consideration of facts, circumstances, and timing of requirements. Consult your BKD advisor or legal counsel to apply to your unique situation and circumstances.

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