Sample – Business Analysis – Clinical Operational Considerations
April 14, 2013|
Business Analysis – Clinical Operational Considerations |
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|
Value Category |
100 Bed |
300 Bed |
500 Bed |
| Reduce Length of Stay |
$370,000 |
$1,220,000 |
$2,200,000 |
| Ancillary Utilization |
$240,000 |
$950,000 |
$1,970,000 |
| Formulary and IV to PO Guidance |
$30,000 |
$100,000 |
$170,000 |
| Paper Expenses |
$10,000 |
$20,000 |
$30,000 |
| Reduction in Nursing OT |
$20,000 |
$100,000 |
$180,000 |
| Administrative and Support Activities |
$80,000 |
$370,000 |
$690,000 |
| ADEs |
$60,000 |
$240,000 |
$430,000 |
| Reduction in Transcription |
$160,000 |
$520,000 |
$880,000 |
| Improved HIM Staff Productivity |
$290,000 |
$880,000 |
$1,460,000 |
| Procedure Charge Capture |
$40,000 |
$120,000 |
$200,000 |
| Improved Data Order entry Productivity |
$50,000 |
$170,000 |
$320,000 |
| Reduced Loss of Payment/Denials |
$170,000 |
$570,000 |
$1,050,000 |
| Reduction in A/R Days Annual Interest |
$30,000 |
$100,000 |
$170,000 |
| Total Annual Savings* |
$1,530,000 |
$5,320,000 |
$9,710,000 |