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Unlocking Financial Data: Simple Strategies for Problem-Solving, Planning, and Growth

Scott Becker, host of Becker’s Healthcare Podcast, interviews Erik Miller, President of MedHQ, and Mark Garvin, Avanza Healthcare Solutions Executive-in-Residence and leads a conversation around the impact of the maturing outpatient market on the healthcare industry. The podcast delves into the shifting landscape of outpatient operations and the evolving needs of hospitals. “Outpatient is growing year-over-year – from ambulatory surgery

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July 8, 2024

6 Essential Tips and Tools for Enhancing Remote Workplace Communication

In recent years, an increasing number of organizations have adopted a remote work environment. While virtual workplaces can increase employee satisfaction and lower company overhead, many teams struggle with ineffective communication methods. Implementing communication strategies can ensure smooth workflows and foster connections among virtual teams. Here are six essential tips to follow to enhance remote workplace communication.  1. Find the Right Tools for Your Team Tailoring communications tools to meet specific needs, such as instant messaging,

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June 20, 2024

4 Steps to Boosting Team Productivity through Clear and Open Dialogue

According to a survey of 1,100 U.S. workers, teams in an open work environment are 60% more likely to achieve more, faster.   Building a team-first culture starts with developing an environment where employees feel that their voices are heard. In line with our 2024 theme, this month’s Heart of the Business blog, we’re focusing on a critical aspect of teamwork – fostering

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May 20, 2024

Preparing for and Managing Through a Financial Crisis

The Change Healthcare cyber hack is disrupting cash flow across the spectrum of healthcare including hospitals, outpatient facilities, physician practices, pharmacies, medical equipment providers, and more. Assuming most providers take 30-45 days to process a claim and receive payment – many organizations have yet to feel the pain, and won’t for a few more weeks.  With any time you have available, we recommend the following preparation:  Assess Your

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March 28, 2024

How the Staffing Shortage Impacts Your ASC’s Financial Health

The challenges of staffing healthcare facilities today are undeniably daunting. The healthcare sector has the highest number of unfilled positions nationwide, totaling 335,017 open job listings as of February 2024. According to a 2024 ERCI report, US healthcare employment across the continuum remained nearly half a million jobs below projected levels based on pre-pandemic trends. Basic supply and demand principles have come into

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March 20, 2024

Engage, Empower, Excel: How to Foster a Thriving Workplace Culture in Healthcare

Our Heart of the Business content this month is focused on strategies for implementing and more importantly, maintaining a thriving work culture, where employees feel valued and enjoy their work environment. The three strategies were developed in line with our 2024 theme: Building a Team-First Culture.   Healthcare workplaces can be demanding. Employees are expected to stay vigilant, adapt quickly, and operate with accuracy—all while ensuring optimal patient care. To excel in

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March 12, 2024

How Does Strategic Planning Fit into Your ASC Budget in 2024?

Declining reimbursements coupled with a labor shortage made anesthesia one of the biggest challenges for surgery centers in 2023. Centers are increasingly negotiating a budget line item that, until recently, existed primarily at hospitals—an anesthesia stipend. Over the past five years, MedHQ has seen a 65% increase in the number of centers that are incurring anesthesia costs. Since 2018, the

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December 20, 2023

The Essential Year-End Accounting Checklist for ASCs

Declining reimbursements coupled with a labor shortage made anesthesia one of the biggest challenges for surgery centers in 2023. Centers are increasingly negotiating a budget line item that, until recently, existed primarily at hospitals—an anesthesia stipend. Over the past five years, MedHQ has seen a 65% increase in the number of centers that are incurring anesthesia costs. Since 2018, the

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December 14, 2023

Escalating Anesthesia Costs at ASCs: How to Control Costs and Maximize Profitability at Your Surgery Center

Declining reimbursements coupled with a labor shortage made anesthesia one of the biggest challenges for surgery centers in 2023. Centers are increasingly negotiating a budget line item that, until recently, existed primarily at hospitals—an anesthesia stipend. Over the past five years, MedHQ has seen a 65% increase in the number of centers that are incurring anesthesia costs. Since 2018, the

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December 6, 2023

MedHQ Welcomes Matt Lau as Senior Vice President of Client Accounting & Financial Services

MedHQ & Avanza Healthcare Strategies Continue to Recruit Expert Business Unit Leadership MedHQ, a leading provider of technology-enabled expert services to outpatient healthcare providers across the country, welcomes Matt Lau in his new role as SVP of Client Accounting & Financial Services, focused on forecasting and analysis, key performance metric monitoring, and strategic planning. Lau has built a proven track

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December 5, 2023
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