What’s the Impact of Mid-Revenue Cycle Leakage on the Healthcare System?
In the intricate dynamics of healthcare systems, financial resiliency continues to be a primary challenge, and the issue of mid-revenue cycle leakage is a daunting problem that bleeds millions of dollars from the industry every year. Amidst a global healthcare crisis, efficient utilization of resources has never been more critical. As Fran Jurcak, Chief Clinical Officer at Iodine Software, notes, a staggering $4.5M to $1M is lost in revenue in an average 250-bed hospital due to inefficient workflows. This alarming figure underscores the urgency of the question: how is mid-revenue cycle leakage impacting the healthcare system, and how best to handle the situation?
In the latest episode of Iodine Intelligence from Iodine Software, Jurcak tackles this pressing question head-on, engaging in a detailed conversation with Kati Beisel, Director of Health Information for INTEGRIS Health.
Jurcak and Beisel’s discussion includes:
- The substantial costs and impacts of mid-revenue cycle leakage on day-to-day operations, budget planning, resource allocation, patient outcomes, and staffing initiatives.
- The challenge of quantifying costs and the significant revenue losses incurred by hospitals due to inefficient workflows.
- Potential solutions, including Iodine’s software solutions, to improve Clinical Documentation Improvement (CDI) and reduce mid-revenue cycle leakage.
Kati Beisel is a leader in healthcare information management, serving as the Director of Health Information for INTEGRIS Health, Oklahoma’s most extensive state-owned not-for-profit healthcare system. Beisel’s expertise and insights into the issues of revenue leakage and CDI come from years of experience in the field. Her dedication to improving the quality of patient care and her innovative approaches to addressing leakage is a testament to her commitment to excellence in healthcare.