Most people have conventional wisdom that drives their belief about healthcare funding sources. Here is a trend analysis I recently reviewed in the September/October 2010 “Healthcare Executive” publication that tells you where the money really comes from and illustrates how things are changing;
You can visit http://www.ache.org/ to review other interesting facts about our industry trends. Obviously, Medicare is increasing as a funding source and Private Pay is decreasing on a percentage basis. This shift demands that we continuously evaluate operating practices and use of technology. Our Revenue Cycle Strategists and others on our consulting team are working with provider organizations every day to assist with best practice implementation and process innovation designed to stay ahead of the curve. If you have identified solutions you would like to share or if you would like to talk with us about how to deal with the changes ahead, please give us a call.