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Related Experiment Videos

Speeding the receivables pipeline: a new approach.

J C Rands, B G Lemon

    Computers in Healthcare
    |May 9, 1991
    PubMed
    Summary

    The 1980s saw rising healthcare receivables due to regulatory and budget challenges. Successful hospitals improved management with Receivables Performance Management and performance accountability reporting systems (PARS).

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    Area of Science:

    • Healthcare Management
    • Financial Administration
    • Health Economics

    Background:

    • The 1980s experienced a significant national increase in healthcare receivables.
    • External pressures, including a stricter regulatory landscape and constrained internal budgets, contributed to this trend.

    Purpose of the Study:

    • To identify key strategies employed by hospitals to effectively manage escalating healthcare receivables.
    • To highlight operational and system improvements contributing to successful receivables management.

    Main Methods:

    • Analysis of hospital financial management practices during the 1980s.
    • Identification of specific operational and system enhancements adopted by high-performing institutions.

    Main Results:

    • Hospitals that effectively managed receivables implemented diverse improvements.
    • Key strategies included the adoption of Receivables Performance Management and performance accountability reporting systems (PARS).

    Conclusions:

    • Operational and system improvements are crucial for managing healthcare receivables.
    • Implementing structured management systems like Receivables Performance Management and PARS can lead to financial stability in healthcare organizations.

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