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Referral tracking system shows accurate bottom-line assessment
1Rose Medical Center, Denver, CO.
Computers in Healthcare
|November 5, 1990
Summary
Rose Medical Center developed a microbased system to track referrals and measure profitability, enhancing hospital financial decision-making. This tool provides valuable insights into investment returns for healthcare executives.
Area of Science:
- Healthcare Management
- Health Informatics
- Hospital Administration
Background:
- Hospitals face challenges in tracking referral revenue from offsite centers.
- Accurate financial assessment of referral networks is crucial for revenue growth.
Purpose of the Study:
- To develop a system for tracking referrals and their financial impact.
- To create a decision support tool for hospital executives.
Main Methods:
- A microbased system was developed to measure profitability against investment.
- The system was designed to analyze referral data from offsite care centers.
Main Results:
- The system effectively tracks referrals and quantifies their impact on revenue.
- Profitability against investment was successfully measured.
- The system evolved into a valuable decision support tool.
Conclusions:
- The developed system provides critical financial insights for hospital executives.
- Tracking referrals and measuring ROI is essential for optimizing hospital revenue and strategic planning.