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Improving Revenue and Profit by Expediting Patient Throughput

Session #: 81504-xh
Presenter(s): panel
Session Length: 1hr. 40min.
Event: 2005 HFMA Audio Webcast
Date: 1-19-05

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Improving patient throughput is an excellent way for healthcare organizations to enhance revenue; however, many don't take advantage of the cost savings associated with this strategy. Efficient throughput has been shown to not only improve revenue, but also improve patient and physician satisfaction. Tools will be provided at this session to help financial managers develop their own operational assessment of throughput to determine opportunities for improving the process at their organizations. Senior financial executives are continuously challenged to explore avenues for enhancing revenue performance. Managing patient throughput is directly related to a hospital's ability to manage additional volume and improve revenue potential. Improving patient throughput is often an untapped opportunity for significantly improving financial performance. Financial executives should take immediate advantage of this opportunity by driving organizational efforts to better manage patient throughput. An aging population and the impact of managed care on inpatient hospitalization are contributing to substantially increased demands for inpatient beds. Simply adding more beds is not necessarily the answer, since most hospitals lack the cash required to make huge capital investments. At the same time, securing the professional resources required to manage more inpatient beds can be challenging. It will become increasingly important, therefore, that hospitals learn to better manage patient throughput and measure their success.



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