Relentless commitment to performance improvement: 3 CFOs describe what it looks like in their health systems

Continual performance improvement is the key to health system survival in today’s challenging financial  environment. At a recent private executive roundtable hosted by Prism Healthcare Partners, a panel of hospital and health system CFOs discussed  a variety of challenges and opportunities their organizations have faced in pursuing and driving performance improvement. Moderated by Sean Angert,… Read More

How to navigate today’s healthcare environment and remain financially sound

As hospitals and health systems face rising expenses and declining reimbursements, it is crucial for these organizations to make operational adjustments to ensure long-term financial success. During a panel discussion at the Becker’s Hospital Review 7th Annual CEO + CFO Roundtable in Chicago, several C-suite executives offered insights into how organizations can achieve financial sustainability…. Read More

How UW Health Saved Millions with a Labor Management System

Healthcare leaders are looking for new, thoughtful and fact-based approaches to improve labor costs. In a recent webinar, UW Health’s Wayne Frangesch, Chief Human Resources Officer, and Philip Musgrave, Manager, Pricing and Financial Modeling, partnered with Prism’s Stephen Lothrop, Managing Director, and Sachin Sharma, Director, to share how a data-driven labor management system can deliver… Read More

Implementing an integrated coding model

As fewer physicians own their practices, technology continues to advance, value-based payment models gain prominence, and the need to reduce coding costs grows, it is becoming critical for providers to integrate facility and professional fee coding into one organizational structure. Prism’s Lynette Kramer, RHIA, Director, and Annie Gole, Manager, share actions providers can take to… Read More

Coding an Acute Myocardial Infarction: Unravelling the Mystery

As ischemic heart disease continues to be the leading cause of death in the United States and worldwide, myocardial infarctions (MI) are frequently seen as reportable conditions when coding inpatient encounters. Lisa Romanello, RN, CCDS, CDIP, Director at Prism, co-authored a whitepaper offering an overview of the types of acute myocardial infarctions and their accompanying… Read More

A win-win-win — Improving patient access betters physicians, patients & processes

When considering improving patient access, the obvious solution may seem to be adding physicians or extending clinic hours. But doing so can drive up expenses and exacerbate physician burnout. How can organizations drive change in this area, and where should they start? Prism’s recent patient access webinar, featuring Mary Baker, chief clinical operations officer for… Read More

Healthcare “State of the Union”: 7 things for leaders to know

In a recent webinar, leaders from Prism and Hospital Sisters Health System discussed the major trends shaping the healthcare industry and how hospitals are reacting. The ACA lives on, but continuous political uncertainty and weakening of Obama-era healthcare reform policies have created enough friction to necessitate some strategic course corrections for hospitals and health systems…. Read More

3 ways to optimize pharmacy revenue capture and boost the bottom line

Healthcare executives need look no further than the pharmacy department to drive new revenue. Historically, the pharmacy department has been one of a hospital’s greatest cost centers. However, as pharmacy expert Anita Groves McAllister shows here, the pharmacy can actually be a major contributor to revenue — with little upfront investment. Read on for three… Read More

5 ways analytics can help health systems optimize their collection strategies

Hospitals can improve both patient satisfaction and collection rates by using analytics at the front- end of the revenue cycle to develop real-time, personalized payment options for each patient. In this article for Becker’s Hospital Review, John Storino and Steven Lange share five ways revenue cycle analytics can help hospitals devise more effective collections strategies.