- David Andrews, Chief Compliance Officer & SVP, Business Development, Hospice Compassus
The healthcare industry is faced with some unique challenges. National standards for electronic healthcare systems and HIPAA add to the complexity of running a business in today's economy. With new technologies and ever-changing standards, it can be hard to make educated decisions regarding upgrades, legacy systems, and compliance.
We're here to guide you through the decisions that can help reduce the complexity of running your business. We'll answer your questions about leading solutions and ask about your current investments and where you want to be in the future.
Be assured that when you speak with our engineers you won't have to waste time explaining your business before getting to a solution.
Medical practices have the extremely important task of caring for their patients. But medical practices are also businesses and must have proper business practices in order to stay open and available. Keeping the patients healthy is the top concern, but running a profitable business must happen as well.
Hospitals, like all businesses, must operate more efficiently. The healthcare industry must juggle quality care and service at lower costs while complying with strict regulatory and insurance agency demands. Information systems and upgrades alone are costly, challenging you to balance between quality and budget.
Like other medical practices, hospices have multiple priorities that are inherent in the healthcare industry. While caring for patients with the goal of restoring health, there are still business and financial goals to be met.
Faster turnover times and a lack of government funding for commercial surgery centers can lead to investment payback periods in excess of 10 years. Careful planning is required for investments in technology systems and software to survive and thrive.
With the recent healthcare reforms enacted by Congress, more Americans are focused on stretching their healthcare dollars. As healthcare becomes more patient-centric, consumers are demanding better and more effective treatments at a lower cost.