Texas County Memorial Hospital expects 12.9% increase in outpatient revenue — 5 things to know

Anticipating a 12.9 percent increase in outpatient revenue, Houston, Mo.-based Texas County Memorial Hospital set a $1.2 million operating budget for 2019, the West Plains Daily Quill reports.

Advertisement

Five things you should know:

1. The hospital’s top four primary care physicians currently generate $1.7 million in outpatient revenue and $2.9 million in inpatient revenue.

2. Along with the projected outpatient revenue growth, the hospital anticipates a 6.2 percent increase in inpatient revenue.

3. The hospital’s inpatient revenues were up and outpatient revenues were down in November 2018.

4. Funds from the 2019 budget will go toward a new ambulance, surgery infill, emergency department EHR implementation and hospital network switch replacement.

5. The hospital is also expecting 5.5 percent increase in emergency department revenue and a 3 percent increase in swing bed revenue.

More articles on coding, billing and collections:
3 big reimbursement and payer trends for ASCs + what happens when patients rate shop
10 ways ASCs can reduce denials, improve the appeals process
Payers will adjust strategy to manage ASC costs, CompPharma leader predicts

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.