7 Key Strategies for Successful Hospital Results:
1. Financial
- Managing Metrics
- Revenue Cycle
- Net Operating Revenue
- Accounts Receivable
- Bad Debts
- Net Operating Revenue
- Expenses
- Labor and Benefits
- Supplies
- Purchased Services
- Revenue Cycle
- Market Position
2. Patient, Employee, and Physician Satisfaction
3. Clinical Outcomes
- CMS Quality Metrics
- Inpatient
- Outpatient
- Ambulatory
- Measures
- Readmission rates
- mortality
- Nosocomial infections
4. Operational Performance
- Facility Leadership
- Medical Staff issues
5. Supply Chain Management
- Group Purchasing
- Inventory Management
- Contract Negotiation
6. Strategic Vision
- Long-term Goals
- Alignment
- Priorities
- Allocation of Resources
