Impacting the Bottom Line: How a Supply Chain Assessment and Optimization Increased Revenue
When a small, non-profit hospital in the West was struggling with declining revenues and a lack of resources and experience with their MEDITECH financial systems, they turned to Leidos Health for help. After a review of the current situation, it was determined that the supply chain was an area where there was significant opportunity to improve revenues.
Read about the steps Leidos Health took and how the organizations worked together to:
- Increase overall hospital revenue by nearly $1M per month, including increasing supply chain revenue in the Operating Room by over $700K per month
- Decrease period end inventory adjustments by 90%
- Increase patient charging accuracy and consistency, thereby reducing rejected claims
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