Declining reimbursements and the need for improved healthcare information systems are among the healthcare trends cited by the company
TINLEY PARK, Ill.--(BUSINESS WIRE)-- In response to troubling healthcare industry trends that affect the financial health of healthcare organizations, SPi Healthcare, the leading integrated revenue cycle and clinical documentation improvement firm, today announced the availability of “Creating the Foundation for Financial Health in 21stCentury Healthcare Provision: Leveraging IT and Best Practices Via Business Process Outsourcing,” a white paper they commissioned from Frost & Sullivan.
“With the healthcare industry trends that we have seen in recent years, we knew healthcare organizations would benefit from the valuable information in this white paper,” says John O’Donnell, president and CEO of SPi Healthcare. “These organizations need to focus on providing the best possible patient care, but a competitive environment combined with operational and financial efficiency challenges can bog them down and affect their financial wellbeing.”
“We know that one of the greatest financial challenges facing healthcare executives today is declining reimbursements,” O’Donnell continued. “Add to that the need to focus on improving basic healthcare information systems, such as accurate diagnosis and procedure coding as ICD-10 compliance nears, and squeezing the efficiency out of the revenue cycle. Healthcare reform will continue toward a model of shared risk, such as with Accountable Care Organizations, but this creates an environment of payment for outcomes as opposed to activity, and that presents conflicting perspectives of contribution.”
“All of these challenges are real issues that healthcare executives are facing today, and this white paper addresses all of them head on, providing suggestions for best practices,” O’Donnell concluded.
“With the confluence of so many factors in the short and medium term impacting healthcare providers, it is imperative that healthcare organizations establish and maintain a solid financial foundation to allow them to focus on their core business of delivering quality care,” said Greg Caressi, senior vice president of Healthcare & Life Sciences for Frost & Sullivan.
“This white paper provides some guidance regarding how providers can create financial stability so they can focus on all the others balls they are juggling,” continues Caressi. “Leveraging cost-effective expertise to maximize revenue flow will be a determining factor in which organizations can continue to focus on innovation and providing the best patient experience in this changing and challenging environment.”
Topics covered in this white paper include:
- Challenges impacting healthcare providers
- Setting a foundation that will allow healthcare organizations and systems to focus on delivery of optimum performance
- Leveraging best practices to meet goals cost-effectively via business process outsourcing
For more information, please visit http://www.spihealthcare.com/resource-center/white-papers
About SPi Healthcare
SPi Healthcare's full-spectrum approach to revenue cycle management and clinical documentation improvement enables their clients to join the ranks of healthcare’s best-performing providers. SPi Healthcare, a Healthcare Informatics HCI 100 company, accelerates cash flow and mitigates risk, facilitating improved operations through reinvestment and strategic growth on behalf of their clients.
SPi Healthcare is a business unit of SPi Global, BPO company of the year in the International ICT Awards, and a leading, globally recognized, full-service BPO provider with 30 offices and facilities around the world including the US, Netherlands, Philippines, India, Vietnam, and Australia. SPi Global has over 18,000 employees delivering a wide range of solutions in Customer Relationship Management, Content, and Healthcare.
About Frost & Sullivan
Frost & Sullivan enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. Through Frost & Sullivan's Healthcare Growth Partnership Services program, clients receive a continuous flow of actionable market, technical, and econometric research, along with applications for growth (our TEAM methodology). Our global team of industry experts continuously monitors the following Healthcare market sectors: pharmaceuticals and biotechnology, drug discovery technologies, clinical diagnostics, healthcare IT, medical imaging, and medical devices, and provides local expertise along with a global perspective. We leverage 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from over 40 offices on six continents.
CONTACT:
For SPi Healthcare
Tracy Hartman, 978-462-0002 x103
[email protected]
KEYWORDS: United States North America Illinois
INDUSTRY KEYWORDS: Practice Management Health Professional Services Finance Insurance General Health Managed Care
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