Optimizing Financial Opportunities

The total cost of care, consumer engagement, quality and safety, and the governance and leadership of hospitals are four interrelated terms that drive the future trends of healthcare.

This document is based on a webinar conducted in-house by the Texas A&M University Health Science Center. It serves to provide information on potentially unexplored resources for hospitals in search of grants.

The Health Resources and Services Administration (HRSA) supports more than 90 programs that provide health care to people who are geographically isolated, economically, or medically challenged.

Creating a foundation can make a big difference in the quality of healthcare that hospitals can provide. With healthcare costs increasing and reimbursements declining, establishing a foundation to collect money from donors, supplement capital-expenditures, and fund special projects can take a load off the shoulders of struggling hospitals.

This document serves as a guide to reinforce how important it is to implement telehealth and telemedicine options into your hospital(s), provide information on TRC services, addresses impacts of telemedicine on COVID-19, defines telemedicine terms, and sheds light on the steps needed to create the most successful telehealth program possible.

5 Steps to Combat Rural Healthcare’s Financial Challenges Infographic.

This document serves as a guide for hospitals to learn what is required of them when Pricing Transparency is implemented on January 1, 2021, how to properly make standard charges public, using their current price estimator tool in place of the Shoppable Services file, and what they should be doing now to best prepare for January 1, 2021.

The Small Business Association (SBA) Paycheck Protection Program (PPP) has been a source of confusion for many hospitals. This document will serve as a guide to define what the PPP is, discuss the new FTE safe harbor, instructions on applying early for forgiveness, and includes information on current qualified expenditures.

Coding methods differ by who is doing the billing. Both providers and facilities must use the ICD-10-CM for diagnosis coding. But, health facilities code using ICD-10-PCS for treatments and procedures, while providers must use the AMA’s Current Procedural Terminology (CPT).

Effective grant writing is both an art and a science that requires an understanding of the availability of funding, alignment of an institution’s mission with that of the funder, responsiveness to sponsor requests, an understanding of basic budgeting, attention to detail, and a commitment of time and resources.