5 Silent Areas of Leakage (and How They Could be Costing You Millions)
In part one of this two-part series we'll look at the five silent areas of revenue leakage and why they occur. In next week's post we'll share insight on what to do about them.
In part one of this two-part series we'll look at the five silent areas of revenue leakage and why they occur. In next week's post we'll share insight on what to do about them.
The quote “simplicity is the ultimate sophistication,” originally from Leonardo da Vinci and the headline of one of Apple’s first marketing brochures in 1977, underscores the design philosophy that led to much of Apple’s success. Unfortunately, modern electronic health record (EHR) documentation workflows are far from simple. Regulatory, legal, reporting, payor, and other documentation requirements have shifted the focus of clinical workflows from patient care to data entry. These requirements result in suboptimal Frankenstein-like EHRs and uncertainty about how to make things better.
Everywhere you turn, you will find another study or revelation on millennials, but 60 million strong, Generation Z outnumbers the millennial generation by one million. Roughly ages 16-22, Gen Z members are a massive consumer base and the future of retail.
I was recently sitting in a business meeting with some of my company’s leadership, discussing our financial performance and our future. I heard things like:
Just over a decade ago, doctors in the U.S. updated patient files by hand and stored them in color-coded files. Thankfully, technology enhancements have made way for more effective and accurate alternatives. EHR adoption grew to nearly 96 percent, mainly due to government EHR incentive programs.
Upgrading an EHR is a necessary and important process that helps to ensure the long-term success of your IT investment. Upgrades can be required by your vendor for good standing or for support purposes, but your organization can also use an upgrade to increase productivity, functionality, usability, and end user satisfaction.
As any physician using Epic knows, the need to maintain an accurate and updated provider database is incredibly important, but it’s laborious and hard to manage with manual methods. Data accuracy and quality is a top challenge compounded by multiple sources of the truth and areas for entry into the organization’s database.
By 2018, there will be over 2,800 retail health clinics in the U.S., nearly 50 percent more than in 2014. Traditionally, retail clinics offered a limited array of services focused on treating mild or seasonal medical issues, such as illness, preventative care and vaccinations, and basic low-level health services. As their popularity has steadily grown, due to their convenience when a problem may not be seen as important enough for a primary care visit, walk-in availability, and extended hours of operation, retail clinics have to accommodate the rise in patients. Now, these companies have shifted their focus towards expanding services, investing in technological capabilities, and growing patient volume.
Having your HR technology strategy align with HR and business strategies might make other organizations green with envy, but achieving a seamless implementation requires more than just luck. Since St. Patrick’s Day shouldn’t be your only four-leaf clover day, we’re here to help you make your own luck and ensure your next project is a success.