Can GPOs help plug the revenue drain for their members?
Editor’s Note: The participation of those in the following articles does not constitute an endorsement of the sponsor’s products or services. How do hospital CEOs and COOs ensure that their hospital systems are being paid appropriately? As reimbursement levels stagnate, it’s an important question. In fact, the concept of revenue cycle management has increasingly shaped healthcare executives’ decision making processes as they strive to bill patients accurately and, in turn, manage their IDNs’ financial health. Traditionally, group purchasing organizations have been concerned with helping their members save money, not collecting money they are owed. But as their members’ needs change, so too do GPOs’.
The Journal of Healthcare Contracting surveyed three GPOs that are actively involved in offering revenue-cycle-management solutions for their hospital members: MedAssets, Amerinet and VHA. Here’s what they had to say.