Benjamin A. Black, MBA’s Post

🔍 Did you know? The average healthcare organization loses 5–10% of its revenue due to inefficient RCM processes. Imagine the impact of capturing even half of that! 💸 At TrueUs RCM Solutions, we believe it's time to stop thinking of revenue cycle management as a back-office task and start seeing it as the heartbeat of your organization’s financial health. So, here’s a challenge: If RCM was your superhero, what would its superpower be? ⚡🦸♂️ Drop your thoughts in the comments below! And while you’re at it, let's discuss how the right RCM partner can transform those lost dollars into future growth. #TrueUs #HealthcareTransformation #InnovativeRCM #RCMChallenge #TrueResults

Patient experience is more than simply making patients feel good about their healthcare experiences. Exceptional patient experiences increase loyalty, reduce care fragmentation and foster improved compliance and, ultimately, clinical outcomes. In a recent Vizient Q&A, Sg2 consumer innovation principal Laurie Dowd offered strategies health systems can use to enhance financial growth and patient experience beyond traditional cost-cutting measures.

Becker's Healthcare asked four CFOs how they keep down costs. Here is short a snippet from each of them: 🏥 "implementing various technology to empower patients to be proactive with their health journeys and increase time our teams have for patient care." 📝 "achieve contracts that support high-quality patient care while maintaining cost-effectiveness." ⚙️ "leveraging automation, technology and even AI to reduce administrative costs, innovating around care delivery to optimize staffing levels and reduce costly contract labor" 🤖 "investing in digital technology (automation, predictive analytics and generative artificial intelligence) to streamline our delivery of care for our patients." Do you have a plan to raise profit margins and decrease expenses while still providing speed to care for your patients? Use our free ROI calculator as a starting point (🔗 in the comments!) https://hubs.li/Q02GKkkk0

In this week's VERTESSPress article, Miriam Lieber, President of Lieber Consulting, shares key insights for three types of companies — small, mid-sized, and large — and the considerations for business owners and operators as they work to successfully move their companies up the growth ladder. VERTESS thanks Miriam for her perceptive and useful suggestions to healthcare business owners! https://lnkd.in/gRPFxqWj

This list is telling about the financial health of healthcare market. What seems to be a reasonable operating margin for your business? How much is required to not only satisfy your current obligations but provide return to your shareholders and capital for investment? Now look at this list. #leadership #healthcare https://lnkd.in/gdJKaHgZ

Healthcare organizations today face more revenue roadblocks than ever before. Across the board, operating costs outpace revenue gains, leading to higher expenses, tighter margins and less predictable balance sheets. In a step-by-step guide, Phreesia outlines how your #healthcare organization can use technology to increase revenue. Access the guide here: https://lnkd.in/ejYbZxjp

Healthcare organizations today face more revenue roadblocks than ever before. Across the board, operating costs outpace revenue gains, leading to higher expenses, tighter margins and less predictable balance sheets. In a step-by-step guide, Phreesia outlines how your #healthcare organization can use technology to increase revenue. Access the guide here: #healthcaretechnology #staffburnout https://lnkd.in/gVqsQyJB

How can your private practice brace for 2025? Start with a strong strategic plan, then focus on your financial performance, your people and your patients. Check out this article with my recommendations in Becker's Healthcare. #privatepractice #healthcareleadership

Leaders from Presbyterian Healthcare Services share how Capta revolutionizes operational efficiency and financial performance for organizations. Hear from PHS’s CFO, VP of Finance and VP of Revenue Cycle, highlighting Capta's role in retaining staff, boosting operating margins by 4%, and enabling the execution of multiple initiatives. 🎥 Watch Video Here: https://lnkd.in/drB5R2h2 The discussion delves into how Capta provides essential capital, expertise, and technology, allowing organizations to implement service lines swiftly and invest significantly in their communities. The episode underscores Capta's ability to streamline processes, enhance automation, and elevate workforce capabilities, ultimately driving better performance and care delivery. 3 key takeaways: - Unlocking Potential: Capta opened a pipeline of opportunities, enabling initiatives that were previously out of reach due to resource constraints. - Financial Impact: The partnership translated into a significant financial boost, allowing for reinvestment in the community and improved capital affordability. - Expertise and Efficiency: With Capta's world-class talent and technology, Presbyterian Healthcare Services reduced implementation times and enhanced service delivery. Don't miss out on these valuable insights. Listen to the full episode to learn how Capta's approach can benefit your organization. Share your thoughts in the comments and pass this on to someone who could benefit from these insights. Capta Health Partners

Two words: disappointment and frustration. Reading countless articles on healthcare consolidation can evoke these feelings. Many experts criticize the trend without substantial evidence, leading to flawed conclusions. But today, a refreshing perspective emerged. James Calver, an experienced CEO and Board Director, shared a compelling argument in Modern Healthcare. He highlighted how healthcare consolidation can actually enhance care quality while reducing costs. In today's environment of uncertainty, "Smart Scale" is a key factor for long-term healthcare system sustainability. This approach encompasses "Traditional Scale", "Capability Based Scale", and "Business Model Innovation" to drive value. By embracing Smart Scale, health systems can offer top-notch care at affordable prices. The benefits are clear: quality care becomes accessible to all. #Healthcare #Consolidation #QualityCare #CostReduction #SmartScale #HealthcareTransformation