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Cost justifying the electronic billing decision.

S Marshall1

  • 1Central DuPage Hospital, Winfield, IL.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|May 8, 1993
PubMed
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Electronic billing systems can save hospitals significant time and money. Objective financial estimates are crucial for convincing hospital management to invest in these technologies.

Area of Science:

  • Healthcare Administration
  • Health Informatics

Background:

  • Patient accounts professionals often rely on intuition regarding the benefits of electronic billing systems.
  • Convincing hospital management requires more than anecdotal evidence; objective financial data is necessary.

Purpose of the Study:

  • To provide objective financial estimates of the impact of electronic billing systems on hospital operations.
  • To support decision-making for hospital management regarding technology investments.

Main Methods:

  • Analysis of financial data related to hospital billing processes.
  • Quantification of time and cost savings associated with electronic billing implementation.

Main Results:

  • Electronic billing systems demonstrate a positive financial impact on hospitals.

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  • Quantifiable reductions in operational time and expenses were observed.

    • Conclusions:

    • Objective financial assessments are vital for validating the benefits of electronic billing systems.
    • Investment in electronic billing technology can lead to significant cost savings and efficiency gains for hospitals.