Healthcare Financial Benchmarking
Financial benchmarking is a process that allows healthcare organizations to compare their financial performance and practices with those of similar or leading organizations within the industry. By doing so, healthcare organizations in Australia can improve their financial health and sustainability, enhance the quality of care delivery, foster a culture of continuous improvement and innovation, and […]
Healthcare Revenue Cycle Management
Healthcare revenue cycle management (RCM) is a crucial financial process used by healthcare facilities to track patient care episodes from registration to final payment. It involves the use of medical billing software and combines administrative data with patient treatment and healthcare data. RCM plays a vital role in improving payment collection and streamlining billing processes. […]
Healthcare Budget Allocation and Prioritization: Maximizing Efficiency in Australia’s Healthcare Expenditure
In order to ensure efficient use of healthcare resources, it is crucial to have a rational and evidence-informed approach to budget allocation and prioritization. This article explores the challenges faced by healthcare systems in Australia, the strategies used for priority setting, the importance of evidence-based decision making, stakeholder engagement, the development of decision-making frameworks, evaluation […]