HPN: Keeping Track Pays You Back

The following is an excerpt of an article originally published on Healthcare Purchasing News by Valerie J. Dimond (

 Tracking solutions improve patient care and bottom line

As we move into the New Year, thanks to increasing reimbursement rates from private insurers, the future looks bright for for-profit hospitals, which are likely to see a 2.5 percent to 3 percent growth rate in 2018. But for not-for-profit and public healthcare facilities, the horizon looks a little dimmer as they continue to grapple with the same fiscal challenges as last year.  Despite good inpatient volume, for these facilities, revenue growth is likely to plummet in the months ahead as spending continues to climb. This is according to a 2018 outlook report by Moody’s Investor Service which says low government reimbursement rates — which accounted for 61 percent of gross patient revenue in 2016 — clinical staff shortages, labor costs, bad debt, escalating insurance deductibles and co-pays, and increased spending on essential technology all play a role. However, it’s essential technology that could also play a role in leading healthcare providers closer to the light.

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