Where the Money Is: New Cardiac Interventions Today Article
Once renowned as a hospital’s primary source of financial contribution and stability, heart programs are facing many pressures, including a more economically challenging future thanks to political uncertainty, increases in uninsured care, growing competition as patients move from inpatient to outpatient settings, and reimbursement model movement away from lucrative fee-for-service structures.
For 2018, Larry Sobal says it will benefit organizations to look “under the hood” and give their heart programs tune-ups, or complete overhauls, so that they stop leaving money on the table unnecessarily, capture the full financial potential of their programs, and position themselves for sustainable financial success. Larry encourages organizations to focus on these six areas in his new article in Cardiac Interventions Today magazine:
- Volume Growth
- Revenue Growth
- Cost Reduction
- Cath Lab Optimization
- CHF Center of Excellence
- APP Optimization
Larry Sobal, Vice President Service Lines, Ascension Wisconsin, was Executive Vice President of MedAxiom at the time of the writing of this article.