Leveraging a Clinical Asset Management Solution to Optimize Capital Planning
A nationally recognized academic medical center was looking to improve their capital planning process to optimize their clinical asset inventory and drive savings. By implementing a comprehensive clinical asset management solution that leveraged advanced analytics and the expertise of a TRIMEDX strategic advisor, the health system was able to improve visibility to their inventory, identify areas of process improvement, validate equipment purchase requests, and uncover alternatives to device replacement that optimized their current clinical assets.
Supporting financial health with clinical asset reallocation
Clinical assets account a quarter of health systems’ capital expenses, presenting an untapped financial lever. TRIMEDX brings unhindered visibility to health systems’ entire clinical asset inventory and proactively provides actionable recommendations to uncover optimization and cost savings opportunities.
Lease administration: The key to reducing business risk and expenses
Your lease portfolio represents one of the largest business expenses within your budget. Download this white paper to learn how to take control of your leases.
The financial state of the not-for-profit hospital sector: key takeaways from the latest medians
The financial condition of the U.S. not-for-profit (NFP) hospital industry can be described as steadily improving but still struggling, according to insights from two of the three main credit-rating agencies. Fitch Ratings and S&P Global both recently issued reports on sector medians, using audited data from 2023. The companies described an industry that has rebounded…
Hospitals see a margin advantage as care migrates to the outpatient department
The site-of-care shift toward the outpatient setting increasingly is manifesting in margin per case, according to recent financial data. “While overall margins for both inpatient and outpatient hip and knee replacement surgeries have declined, outpatient procedures now have higher margins than inpatient procedures,” Strata Decision Technology wrote in its Performance Trends Report for Q2 (registration…
From Strategy to Operations
This white paper explores the pivotal role of outpatient and ancillary services in addressing these challenges and outlines a strategic revenue approach to change ancillary services from a cost center to a profit center.
Unlock Financial Stability and Growth: The Essential Role of Non-Recourse Patient Financing in Healthcare
Download this white paper to learn how your healthcare organization can utilize non-recourse patient financing as a powerful alternative to traditional collection methods, offering benefits like predictable revenue, reduced bad debt, and improved cash flow.
Ascension’s investment in R1 RCM pays off with $1.1 billion valuation
R1 RCM signed a definitive agreement to be acquired in full by funds affiliated with investment firms TowerBrook Capital Partners — currently a partial owner — and Clayton, Dubilier & Rice for $8.9 billion including about $3 billion in debt. The deal values the revenue cycle management company at $14.30 per share, which would attach…
The Revenue Cycle Playbook
Providers, health plans, and health IT vendors can leverage new technologies to improve revenue cycle and claims management across the payment ecosystem by building customized experiences and workflows specific to their unique business needs. Download the white paper to learn more.
The fate of the FTC’s ‘noncompete’ rule appears muddled after early court decisions (updated)
Aug. 20 update: This article has been updated with news that a court has halted the FTC’s rule from taking effect. See the update below. A highly scrutinized rule prohibiting employers from using noncompete agreements has received a mixed reaction in the courts during the leadup to its implementation. Set to take effect Sept. 4,…