It’s time we start simplifying the business of healthcare, don’t you agree? That is why we launched the Healthcare Huddle Podcast, a show focused on distilling best practices from subject matter experts across a myriad…
Read MoreMichael Zervas 0:01 Welcome to the healthcare huddle. Today we have a very informative guest Toby Clary, who is a CPA, as well as a CVA, a certified valuation analyst that specializes in managing, running…
Read MoreMore than any industry, healthcare is a constantly changing business. Encompass has just launched a podcast to dig into issues that can help healthcare business professionals navigate the shifting sands of this landscape. From emergent…
Read MoreBarry Denny Director of Expense Management A critical part of effectively managing a healthcare facility is ensuring adequate profitability. There are a variety of ways to reduce costs and improve profitability.…
Read MoreBasudhaa Dasgupta Director of Credentialing and Payer Enrollment Credentialing medical staff is almost like conducting forensic research! It is complex, has many moving parts and requires absolute attention to details. At…
Read MoreHire a consultant that specializes in the spend category that you want to explore. There are cost reduction specialists in the areas of medical/surgical supplies, pharmaceuticals, medical waste, utilities, phone bills, employee benefits, taxes, etc.…
Read MoreMaking too many changes Make friends, not enemies with your vendors, staff, and surgeons. Only suggest a change of vendor or product when it is absolutely necessary. 90% of your cost reduction results should not…
Read MorePareto’s principle: Apply the 80/20 rule to both your vendors and items purchased through each vendor. 80% of your cost reduction comes from the top 20% of your spend. First, run an Accounts Payable report…
Read MoreWhy Containment Is so Crucial to the Success of an Ambulatory Surgery Center? There are only two things you can do to increase your ASC’s profitability: Increase revenues or decrease expenses. You can only do…
Read MoreBasudhaa Dasgupta Director of Credentialing & Payer Enrollment Can we redeploy specialists who don’t typically treat infectious diseases to care for patients battling the novel coronavirus? For example, can we create…
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