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Guide to Different Types of Healthcare Contracts

WebOutsourcing activities like coding, transcriptions and billing collections require managed services agreements (MSAs) and outsourcing agreements. These examples of …

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URL: https://www.pathstonepartners.com/types-of-healthcare-contracts/

Healthcare Consulting Solutions Pathstone Partners

WebPathstone delivers enhanced impact through its involvement in both clinical and non-clinical categories, which represents up to 60% of hospital operation expenses. Pathstone’s core solutions for healthcare …

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Healthcare Supply Chain Management & Optimization

WebSupply chain management is a critical function in the healthcare industry. The elimination of unnecessary costs, patient outcome improvement, and increased reimbursement are only a few of the significant benefits …

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What is Digital Health and Why Is It Important

WebThe importance of digital health technology has increased over time, especially with the COVID-19 pandemic. In addition to increasing access to health information for both …

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Healthcare IT Consulting Pathstone Partners

WebHealthcare Information Technology Expertise. Information technology continues to play an increasingly vital role in healthcare services, with providers investing heavily in their …

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Healthcare Inventory Management Best Practices

WebPlanning out the supplies needed can save $1,800 per surgery and precious minutes of time, for example. Healthcare inventory management is a workflow that tracks a health …

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The Importance of Healthcare Information Technology

WebThe importance of information technology in healthcare is demonstrated when its effective use leads to improvements which medical care providers can bestow upon their patients. …

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Healthcare Consulting Services Pathstone Partners

WebTransform your healthcare organization. Pathstone Partners is a management consulting firm that works collaboratively with healthcare organizations to improve financial and …

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About Us Healthcare Consulting Firm Pathstone Partners

WebPathstone Partners is a healthcare consulting firm in Chicago that works collaboratively with healthcare organizations to improve financial and operational performance without …

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Cost Reduction Strategies for Healthcare Providers

WebFor the success of cost-reducing plans, teams must have the capacity, energy and motivation to deal with the situation. Understanding your goals and knowing how to …

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10 Performance Metrics in Healthcare Pathstone Partners

WebThis healthcare performance metric helps providers to see the ratio of available beds to those awaiting care. Current data indicates the average national bed occupancy rate in …

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How to Improve Clinical Documentation in Healthcare

WebClinical documentation improvement (CDI) aims to represent a patient’s clinical status into coded data, which is then used for medical research, quality reporting, financial …

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What Is Pricing in Healthcare

WebFor example, a newly merged health system was using two different dialysis service providers, and in turn, had varying pricing for the same dialysis services. In some cases, …

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Working with a Healthcare Consultant: Pros & Cons

WebPros. Healthcare consultants can provide many benefits to one’s practice, including: Getting help from an expert: Consultants are industry experts who have worked with many …

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What is Standardization in Healthcare

WebKey Opportunity Indicators: 1) Supplier Fragmentation: The use of multiple suppliers providing similar products and services may be a strong indicator for standardization …

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Make vs. Buy Decisions in Healthcare Pathstone Partners

WebAs a result of our recommendations, the health system was able to reduce rental costs by 20%. 2) Increasing Program Costs & Decreasing Quality: If annual costs related to a …

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Importance of Environmental Services (EVS) in Healthcare

WebA key challenge that health systems face involves healing patients in an environment in which many illnesses are highly transmissible. Environmental services (EVS), which is …

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Measuring Productivity in Healthcare: Methods & Strategies

WebTraditional Measurement Methods. Traditional productivity measuring methods focus on hard metrics like time and financials. These hard metrics emphasize human capital and …

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What is a Healthcare Strategic Alliance & How Does It Work

WebKey Opportunity Indicators. 1) Minimal Investment in Outpatient Services: The healthcare industry is rapidly changing on a local level with competing hospitals establishing …

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Medical Billing in Healthcare: In-House vs Outsourced

WebOne of the more complex components of running a medical practice is managing your organization’s medical billing process. With thousands of potential codes for different …

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Breaking Down the Top Costs in Hospitals

WebBreaking Down the Different Hospital Expenses & Costs. Hospital cost s breakdown can be broadly categorized into labor, capital, administrative, operating costs, nursing services, …

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What Is Revenue Cycle Management in Healthcare Systems

WebHealthcare Revenue Cycle Management (RCM) is the financial process that organizations use to manage the administrative and clinical functions associated with different steps of …

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