5 Hospitals That Saved Money Through Revenue Cycle Improvements

Here are five hospitals that saved money by making certain adjustments or tweaks within their revenue cycle process. Each of the hospitals were highlighted in a Craneware case study.

1. Kingman (Ariz.) Regional Medical Center saved $1.1 million within its pharmacy department.

2. St. Joseph Healthcare in Bangor, Maine, recouped $153,000 in lost charges by improving its chargemaster management.

3. Glens Falls (N.Y.) Hospital gained $300,000 in net revenue by automating certain parts of its revenue cycle.

4. Hendrick Medical Center in Abilene, Texas increased gross revenue by $1.5 million per month by switching to a new pharmaceutical chargemaster system.

5. Adams County Regional Medical Center in Seaman, Ohio, identified about $1.3 million in savings by improving pricing, charging and coding.

More Articles on Hospitals and Revenue Cycle:
Cashing in on Revenue Cycle Improvements
4 Best Practices for Revenue Cycle Management System Replacement
Dignity Health Links With Optum to Form Revenue Cycle Company

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