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Related Experiment Videos

Giving receivables an 'outside' chance.

R M Slater1, R Corti, J Privitera

  • 1Yonkers General Hospital, NY.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|September 6, 1991
PubMed
Summary
This summary is machine-generated.

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Outsourcing outpatient receivables can help hospitals manage increased administrative tasks and low revenue. This strategy can clear billing backlogs, boost cash flow, and improve outdated systems, reducing staff turnover.

Area of Science:

  • Healthcare Administration
  • Financial Management in Healthcare

Background:

  • Outpatient care generates more administrative work and less revenue compared to inpatient accounts.
  • Hospitals face challenges managing outpatient billing due to high patient visit volumes and transactions.

Purpose of the Study:

  • To evaluate the benefits of outsourcing outpatient receivables for healthcare facilities.
  • To explore how external companies can improve outpatient billing processes and financial outcomes.

Main Methods:

  • A hospital implemented an outsourcing strategy for its outpatient receivables.
  • Engaged an external company to manage outpatient billing and collections.

Main Results:

  • Outsourcing addressed outpatient billing backlogs effectively.

Related Experiment Videos

  • Increased cash flow from outpatient accounts was observed.
  • Potential for system upgrades and reduced employee attrition in billing departments.

    • Conclusions:

    • Outsourcing outpatient receivables offers a viable solution for financial and operational challenges in healthcare.
    • This approach can lead to improved efficiency, financial health, and staff retention.