Increase in Revenues as a Nurse Manager

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Increase in Revenues as a Nurse Manager
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Increase in Revenues as a Nurse Manager
In today’s healthcare system, patients continue to retain financial responsibility in
delivering care, hence the necessity for the healthcare facility to consider innovative approaches
in improving its revenue cycle. Therefore, the 100-bed rehabilitation facility can best increase its
revenue by creating models that are aimed at reducing the readmission rates, while promoting the
provision of patient-centered care. According to Weil (2011), there is a general consensus that the
least competitive healthcare facilities are the ones that experience the longest average hospital
stay, as this increases the cost of operation due to high labor costs and the need to recapitalize for
equipment maintenance. The provision of high-quality and yet patient-centered care, in turn,
helps in shrinking the hospital stay, which in turn leads to the revenue increase.
Facilities that reframe their goals towards continuum care can focus on reducing the
readmission rates. Readmissions have a negative impact on a facility’s bottom line in different
ways such as high operating cost and scrutiny by patients and health insurers. Under the ACA
health system hospitals that record a high level of preventable readmissions are likely to lose a
part of their government, Medicare, and Medicaid reimbursements. Discharging all the available
resources towards the provision of patient-centered care helps in improving patients’ health
outcomes which have proven to be an effective intervention in countering high levels of
readmissions. The responsibility lays in the leadership and preventative care professionals who
will require proper training and management in ensuring that the readmission decreases
significantly (Weil, 2011). Staff collaboration is a necessity in improving patient outcomes and
reducing the readmission rate hence boosting the satisfaction of patients which equates to
competitiveness.