Blog Posts by Author: Adam Ortlieb
Part 4: Analytics for Finance Leadership
This is the fourth installment of a four-part series. View Part 1 (How to Calibrate Hospital Lab Financial Performance), Part 2 (Analytics for the RCM Team), or Part 3 (Analytics for the Lab Director). Increased staffing costs and investment losses are impeding hospital profitability. Recent financial disclosures by large health systems including Kaiser Permanente, Providence Healthcare, and...
Part 3: Analytics for the Lab Director
This is the third installment of a four-part series. View Part 1 (How to Calibrate Hospital Lab Financial Performance), Part 2 (Analytics for the RCM Team), or Part 4 (Analytics for Finance Leadership). Hospital financials have partially rebounded from a difficult start in 2022, but operating margins remained at a loss in March, for the third consecutive month. Meanwhile, hospitals continue to...
Part 2: Analytics for the RCM Team
This blog post is the second installment of a four-part series. View Part 1 (How to Calibrate Hospital Lab Financial Performance), Part 3 (Analytics for the Lab Director), or Part 4 (Analytics for Finance Leadership). Profitability and patient satisfaction targets remain elusive for hospitals in 2022, but laboratory outreach and outpatient operations can contribute to these larger...
How to Calibrate Hospital Lab Financial Performance, Part 1
This is the first installment of a four-part series. View Part 2 (Analytics for the RCM Team), Part 3 (Analytics for the Lab Director), or Part 4 (Analytics for Finance Leadership). Hospitals face fundamental challenges relative to financial targets and patient experience goals. When prioritizing and evaluating lab financial performance, it is fitting to consider tactical revenue cycle...
XIFIN Acquisition Opens Opportunities for Diagnostics Providers, Targets Patient-Centric Care
XIFIN recently announced the acquisition of OmniSYS, a healthcare technology company that serves more than 30,000 pharmacies, including four out of the top five national chains. OmniSYS capabilities include patient engagement, medical claims processing, automated pricing, managing clinical workflow, and supporting new clinical services such as immunizations, medication management, point-of-care...
Mitigating Staffing Challenges Impacting Hospital Profit Margins
A shortage of nurses and other workers will continue to weaken the financial performance of for-profit and not-for-profit hospitals in 2022, according to the latest Moody’s Healthcare Quarterly. “The sharp rise in COVID-19 cases in various regions of the US has contributed to a wave of nurses, often burned out, resigning to take care of family, work in less acute healthcare settings such as...
Providers Rate XIFIN 1st in Lab Support and RCM Outsourcing, a Clean Sweep for Overall, Hospital, Diagnostic, and Pathology Categories
The results are in for the industry’s premier independent analysis of revenue cycle management (RCM) vendors and XIFIN is the clear winner. The Black Book Research 2021 Laboratory Support and Revenue Cycle Management Outsourcing report ranks 20 RCM vendors on 18 critical performance criteria, based on validated survey results from 1,570 users. XIFIN earned top scores for overall mean, 10...
Delta Variant Impact on Lab Testing Volumes
The impact of the SARS-CoV-2 Delta variant is increasingly severe. The CDC has determined this strain is nearly twice as contagious as previous variants and two studies indicate Delta patients are more likely to be hospitalized than those infected with Alpha or the original virus strains.1 97.4% of all U.S. COVID-19 cases stem from this variant.2Infection numbers are rising rapidly. On August 11...
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