As an example, the American Society for the Prevention of Cruelty to Animals ASPCA will be used to demonstrate the importance of financial topics for a well-known non-profit organization. Non-Profit Ethics The primary purpose of a non-profit organization is to provide a beneficial service to society. In order to achieve a socially responsible goal, it is crucial that the organization places a high importance on the topic of ethics. Managers of the organization have the responsibility to ensure that donations are used in a highly ethical manner.
With patient responsibility as a percentage of revenue on the rise, providers have seen their billing-related costs and accounts receivable levels increase. Each has a very personal healthcare experience, and each has distinct financial needs and preferences that have an impact on how, when and if they chose to pay their healthcare bill.
The need to tailor financial conversations and payment options to individual needs and preferences is critical. This presentation provides 10 recommendations that will not only help you improve payment performance through a more tailored approach, but take control of rising collection costs.
Approaching New Problems with New Approaches This white paper, written by Apex Vice President of Solutions and Services, Carrie Romandine, discusses the importance of patient segmentation and messaging specifically related to the patient revenue cycle.
Applying strategic messaging that is tailored to each patient type will not only better educate consumers on payment options specific to their billing needs, but it will maximize the amount collected before sending to collections.
Further, targeted messaging should be applied across all points of patient interaction i. Providers are now seeking ways to incrementally collect more payments due from patients as well as speeding up the rate of collections. This white paper shows why patient-centric approaches to online payment portals are important complements to traditional provider-centric approaches.
Payment Portals Can Improve Self-Pay Collections and Support Meaningful Use Increased electronic engagement between healthcare providers and patients provides significant opportunities for improving revenue cycle metrics and encouraging patients to access EHRs.
This article, written by Apex Founder and CEO Brian Kueppers, explores a number of strategies to create synergy between patient billing, online payment portals and electronic health record EHR software to realize a high ROI in speed to payment, patient satisfaction and portal adoption for meaningful use.
The need to improve collections was dire. By integrating critical tools and processes, the health system was able to increase online payments and improve its financial position. This case study explains how.Strategic Financial Advisers.
Design your future. Strategic Financial Planning are Tasmania’s financial advice experts. Our dynamic Hobart team of professional Financial Advisers offers balanced, insightful financial advice and coaching, to help you achieve the financial .
Our Partners The Strategic Health Care family of companies is growing. Meet our partners: The Critical Access Hospital (CAH) Coalition puts the issues impacting CAHs on the front burner with Congress, CMS and their agencies.. The JMG Group helps organizations determine whether increasing access to serve veterans and Tricare beneficiaries would be the best business strategy, and assist with.
FinCEN’s mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. Building a strategic plan or engaging in strategic planning can make a difference, particularly when it has a long-term focus and is used as a management tool, rather than simply being an exercise in forms completion.
Traditional strategic planning can be broken down into four sequential steps: market research; strategy formulation and planning.
North South University is the first private university of Bangladesh, It was established in Approved by the University Grants Commission (UGC) of Bangladesh. Non-Profit Issues in Financial Management. Non-profit entities pursue a fundamentally different mission than their for-profit relatives, which is characterized as a providing a socially beneficial service to society.