Hospitals and health systems are constantly looking for ways to boost revenue, and a few sound strategies have emerged including streamlining EHR data and simply increasing the number of patients a physician sees in a given day. To bring it all together, however, often requires a bit more technology.
David Conejo, CEO of Rehobath McKinley Christian Healthcare Services in Gallup, New Mexico, found what he was looking for when he stumbled upon Zoeticx, a developer of medical software that bridges the gap between medical quality and patient care.
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Patient monitoring at the hospital has improved. That's good news for a facility that now has to think of patients as consumers and all of the market considerations that entails. But it's also a nice arrow to have in the quiver considering the industry-wide dip in inpatient activity that has taken place.
"We're seeing a lot more outpatients, and that offsets the decline in inpatient business," said Cohejo. "So we've been doing more preventative work than diagnostic and treatment work."
Business is growing, with full or near-full compliance. And with its ACO in startup mode, RMCHS is getting a bonus check for $80,000 from Medicare for containing costs, in addition to the new revenues that have been generated.
"A dollar investment in preventative care saves $6 in acute care, so the more you anticipate, the better the whole cost structure," said Conejo.
The fact that more patients can be seen is an added bonus. When the doctor comes in, they already have the requisite information about meds, compliance and other important factors. That doesn't sound like much, said Conejo, but if a physician saves 10 minutes per patient, at 18 patients a day that;'s an extra 180 minutes. More minutes, more patients.
"Our residents will greatly benefit from this," he said.
Source: Healthcare IT News (View full article)
Posted by Dan Corcoran on November 6, 2017 07:33 AM
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