Visualize and Prioritize Ways to Improve Revenue & Efficiency at Critical Access Hospitals
Medicare Cost Reports provide a wealth of information about a hospital’s clinical model, cost structure and overall financial performance. Our Cost Report Analytics Dashboard is a cloud-based application that optimizes reimbursements for Critical Access Hospitals. This application searches for and reveals errors, inconsistencies, omissions, misallocated costs, and opportunities to optimize reimbursement accuracy.
Our Process
First, we ask you a short series of questions about your most recent fiscal year, right within the tool. This survey will take you no more than 10 minutes – tops. Then we run your data against cost report data from every Critical Access Hospital in the country. The result is a 360-degree view of your hospital’s financial and operational performance compared to benchmarks from 1300 peers.
The cost report application compiles dozens of analyses and integrity checks in multiple departments, and then identifies – using best practices culled by Stroudwater from across the United States – potential inaccuracies and areas for improvement. We lay out why this analysis is important, how we calculate the metric, your score, the national benchmark and then the best practice – it’s an educational program on how to break down and evaluate your cost reports as well as your operations relative to Critical Access Hospitals peers.
We’ve built an educational application around cost reporting strategies and best practices for Critical Access Hospital finance leaders and then applied those concepts against your hospital’s actual data to show you where your performance is expected or not expected. Hospital leaders use these reports and curriculum to set priorities with executive leadership and department heads.
Stroudwater Associates’ advisory team is with you the whole way to help your team quickly and efficiently interpret and implement any of the potential opportunities we find. This involves a call with a Stroudwater expert to discuss opportunities identified in the report and a short summary memo highlighting opportunities.
Cost Report Analytics Dashboard
The Cost Report Analytics Dashboard aggregates years of cost reports to develop a set of industry standards and benchmarks. By subscribing to the Cost Report Analytics Dashboard, your organization can:
Determine whether all benefits associated with the Critical Access Hospital designation are being achieved in the form of cost-based reimbursement.
Receive a one-on-one, personalized call with a Stroudwater finance expert to review findings, discuss opportunities and set priorities for improvement.
