Tackling Hospital Leader’s Financial Concerns

Financial challenges clearly rank number one for hospital CEOs. Whether it’s falling reimbursements, quality-related compensation penalties, or escalating operational expenses, these are the things that most concern hospital leadership. Efficient alternatives and solutions are needed. Ranked nearly twice as high as the next subject, financial challenges are the primary focus of hospital leaders.  As shown

2014 Healthcare Changes: Real Impact on Reimbursements

The US healthcare system continues to morph in 2014. This year’s changes will affect hospitals and healthcare providers in several ways, including adjustments to budgets and impacts on patient care delivery. Cuts to Medicare, lack of Medicaid expansion in some states, and hospital debts are actively transforming the US hospital model. The evolving payment structure

Could Guaranteed Rate Contracts Benefit Your Institution?

  Cost savings are a major concern for healthcare institutions in today’s economy. Millions of dollars in savings can often be identified through renegotiating third-party supplier contracts and incorporating best practice solutions. Soriant Solutions is the industry leader in facilitating maximized returns on all aspects of contracts—from the RFP processes to long-term management of final

Improve Environmental Services, Improve HCAHPS Scores

As part of the Affordable Care Act, Medicare payments and incentives are redesigned to promote: 1. Achievement of high-quality care 2. Improvement in care quality These changes were implemented October 1, 2012. Environmental Services (EVS) plays a key role in the hospital’s HCAHPS score, which influences Medicare reimbursement. Of the 8 overall domains measured, cleanliness

Lessons from the Cheesecake Model

In an article recently published in The New Yorker, author Atul Gawande discusses the success of the Cheesecake Factory and how a similar model might be applied to health systems. Benchmarking a restaurant chain in their efforts to combine quality and cost control with innovation presents a noteworthy comparison for hospitals. We consider the application