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See Latest ArticlesHow much do you boost your hospital’s bottom line?
Cogent Healthcare , 12/17/08
Greene J - The ability to make that case is increasingly important as programs look to CFOs and other senior management to fund staffing or pay raises for physicians already on board. Yet many hospitalist services find it hard to quantify what they bring to the table, not only in terms of savings but in other critical measures such as increased bed capacity. Hospitalists should use these metrics to calculate their return on investment in both “hard” and “soft” dollars. (Hard dollars refer to actual money brought in or saved, while soft dollars are more indirect revenue and savings generated by having hospitalists on staff.) Both types of returns should figure into the value equation when hospitalists make their case.
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Centers for Medicare & Medicaid Services Press, 12/07/09
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