The value of adding a comprehensive Wound Care program provided by Shared
Health Services, Inc. is really three-fold.
1. Profit:
The hospital bottom line will be impacted by the additional out-patient
revenue stream not only by wound center encounters but the significant
amount of spin-off dollars generated from the ancillary services needed to
support the wound center i.e. labs, diagnostics, durable medical supplies,
operative procedures. The wound center will also attract a unique patient
population to hospital services who currently patron other medical
providers.The Physician Practice will increase profit margin by
implementing a new stream of service currently not offered. Doctors
participating in the clinic reap the rewards of a partnership in good
health, without the burdens of increased time expenditures, expert staffing
and costly equipment that the clinic provides. With little or no overhead
costs their participation can prove to be quite lucrative.
2. Savings:
Post operative wound openings are the second most serious complication of
surgery resulting in averagely, 9 extra days of hospitalization, $40,000 in
extra treatment costs, and a 10% increase in mortality. (AHRQ 2003)
The quantity and complexity of operative procedures has significantly risen
in the past decade without contiguous programs that support post operative
complications. The hospital can expect significant savings in decreased
lengths of stay, as well as low profitability re-admissions and unnecessary
ED visits.
3. Data:
Health Information Technology (HIT) is not new to the industry. The billing
enterprise has long been electronic for the most part. What’s new is
actually drawing on the power of this technology to influence the core
clinical enterprise itself. As the Health Care industry just begins to look
at how to accomplish this feat, the wound and hyperbaric documentation
system that we anticipate using in your Hospital’s Wound Center has already
confirmed the benefits. The software promotes thorough documentation and
evidence based pathways not by making clinicians work harder but by
providing a system where the right thing to do is the easy thing to do.
Potential carve-outs can be established to negotiate sole provider contracts
with key managed care providers. The data will also augment any research or
studies conducted in the wound center.
At Shared Health Services, we pay strict attention to detail. Primary
importance is placed upon, not only the science and efficacy of our clinical
process and services, but upon the validity and accuracy in our charting,
coding, documentation and reimbursement, as well. Our copyrighted “STAR”
Strategic Ten-point Audit Review insures that this high level of expectation
and accountability is maintained throughout; and that all systems and
programs are operating and being managed for our hospitals, as they should.
We take great pride in making it easy to do business with and consider it
our responsibility to safeguard our hospitals at all times.