Market: Outpatient and ASC Archives

Case Study: Revenue Cycle Transformation for Three Crosses Healthcare

Overview Serving Southern New Mexico & West Texas, Three Crosses Regional encountered significant difficulties in managing its revenue cycle across both its specialty clinics and 46-bed acute care hospital. “By late 2023, we were facing mounting challenges with our revenue cycle management,” explained Three Crosses Regional Hospital CEO John Lanning. “Prolonged insurance days in AR and diminishing collection rates were

November 1, 2024

Key Drivers for ASC Performance

Key Drivers for ASC Performance Identifying Key Indicators, Important Metrics, and Total Joint Impact Watch our webinar “Key Drivers for ASC Performance,” featuring insights from industry experts Dave Becker, CPA and Dhara Raval, CPA. Topics covered include: Defining key drivers/key performance indicators (KPIs) Identifying/understanding/working on the right drivers for your center Important drivers used in MedHQ reporting Total joint replacement

October 16, 2024

The Corner Series Podcasts with Geoffrey Cockrell: HR, Accounting, Finance, and AI in Medical Practices

Geoffrey Cockrell, host of McGuireWoods’ “The Corner Series,” podcast recently interviewed Erik Miller, President of MedHQ, to discuss how MedHQ assists physician practices, outpatient surgery centers, and health systems in managing complex strategic and operational functions. During their conversation, they delved into the challenges as healthcare moves to new points of care. Some highlights include: Why more practices should consider an ASC

October 16, 2024

Navigating ASC Budgeting

Navigating ASC Budgeting Budgeting is a crucial aspect for ASCs to align financial planning with strategic goals. In MedHQ’s recent webinar, Matt Lau, MBA and Dhara Raval, CPA provided a comprehensive guide on how to approach ASC budgeting. Topics covered include: Business Planning and Setting Goals – For the Next Year Budget Process and Spreadsheet – Methodological Forecasting Based on

October 2, 2024

MedHQ Expands Footprint with Acquisition of Trajectory Revenue Cycle Services

MedHQ, a leader in advisory and administrative solutions to the healthcare industry, has added additional scale to its suite of services by acquiring Trajectory Revenue Cycle Services (Trajectory RCS).  Located in Wichita, Kansas, Trajectory RCS has become an industry leader by providing a collaborative revenue cycle management service and creating exceptional returns on investment. Founded by Derrick Idbeis, the company

August 29, 2024

Case Study: Transforming HR Operations at a Physician-Owned Hospital

Overview When physician-owned Orthopaedic Hospital of Wisconsin (OHOW) began looking for a new Human Resources (HR) partner, they wanted someone who understood the unique needs of surgical facilities and they needed a nimble, responsive, and high-quality provider network to support their HR, recruiting, and operational demands. “Getting HR right is critical for our partners and the 325 dedicated team members

July 8, 2024

Becker’s Healthcare Podcast: How the Maturing Outpatient Market is Impacting the Healthcare Industry

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 centers

April 25, 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

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

March 20, 2024

MedHQ Announces Featured Speakers and 2024 Programming

MedHQ, a leading provider of technology-enabled expert services to hospitals, outpatient clinics, physician groups, and ambulatory surgery centers, announces a full lineup of speaking engagements, trade shows, and programming throughout 2024. MedHQ had a presence at two events in February including the Healthcare Summit at Jackson Hole, and the American Academy of Orthopaedic Surgeons (AAOS) 2024 Annual Meeting. Leading up

March 7, 2024

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