Secondly, another strategy I will focus on will be revenue cycle; this way to see how effective the billing process at the hospital is operating. For example, focusing on insurance verification, medical records coding, billing, and all other activities associated with bill collection; these are strategies associated with revenue cycle and must be look into because revenue cycle m...
... middle of paper ...
... be over staff or under staff. However, it is also crucial that management use data to create staffing decision for the hospital. For example, adjust staffing according to patient data, use part time or on call nursing staff, and use hourly paid nurses every eight hour shift after looking at patient’s data admissions. Furthermore, flexible staffing is another way of saving cost for the hospital; it also reduces the huge amount of benefits paid out to full time staff each year, and also cut back on overtime which is another costs factor.
In conclusion, in order to improve the financial performance at the Middlefield Hospital the strategies implemented in this report will definitely help the hospital regain its financial status in the community. Furthermore, the use of data is evident in all the strategies implemented for the financial success of Middlefield Hospital.
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