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Related Experiment Videos

Guaranteeing OB rates to reduce bad debts.

E T Sheahan

    Hospital Progress
    |January 1, 1978
    PubMed
    Summary

    St. Margaret's Hospital implemented guaranteed maternity patient rates to decrease its obstetrical department's "bad debt ratio". This initiative offers financial predictability for patients and enhances payment security for the hospital, aiming for mutual benefit and program success.

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    Area of Science:

    • Healthcare Administration
    • Financial Management in Hospitals

    Background:

    • Hospitals face challenges with "bad debt ratio" in obstetrics.
    • Financial uncertainty impacts both patient satisfaction and hospital revenue.

    Purpose of the Study:

    • To introduce a program of guaranteed rates for maternity patients.
    • To reduce the obstetrical department's "bad debt ratio".

    Main Methods:

    • Institution of a guaranteed rates program for maternity services.
    • Advance payment arrangements for obstetrical care.

    Main Results:

    • Improved financial security for the hospital regarding payment.
    • Enhanced financial predictability for maternity patients.

    Conclusions:

    • The guaranteed rates program is expected to benefit both patients and the hospital.
    • St. Margaret's Hospital anticipates success with this financial initiative.

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