Did you know that up to 20% of your hospital’s profit might be lost due to revenue leakages? Revenue leakages in a hospital can have significant and wide-ranging impacts on its financial health, operational efficiency, and ability to provide quality patient care. Revenue leakages occur when there are inefficiencies or errors in the revenue cycle management process, leading to missed opportunities for capturing revenue.

While exceptional clinical care is essential to your hospital’s success, it’s crucial not to overlook non-clinical services. Often, hospital owners focus primarily on clinical outcomes, neglecting the day-to-day costs and potential revenue losses associated with non-clinical operations. This oversight can significantly affect both your hospital’s bottom line and top line.

At HOSCONS, we understand the financial impact of unnoticed non-clinical services. When these areas go unaddressed, your hospital may overpay for supplies or undercharge for services rendered. Even if you recognize these gaps, finding the resources to analyze and rectify them can be challenging.

That’s where HOSCONS comes in. We offer a cutting-edge approach to identify and rectify revenue loss by evaluating your non-clinical services. Our expertise allows us to pinpoint critical cost-saving opportunities and establish control mechanisms to stop revenue leakage.

Why Outsource Your Revenue Leakage Audit to HOSCONS?

         1).  Objective Analysis: An external consultant provides an unbiased, fresh perspective on your processes. This ensures that any recommendations or findings are impartial and free from internal biases or conflicts.

         2).  Efficiency and Expertise: With nearly two decades of experience, our consultants efficiently analyze and enhance your non-clinical services. Our expertise allows us to quickly identify overspending, billing errors, and other areas for improvement, often more effectively than in-house staff.

       3).  Comprehensive Coverage: Our audits include a thorough review of:

               a).  Billing: Ensuring accuracy and identifying discrepancies.

               b).  Materials: Analyzing procurement and inventory to prevent overpayments.

               c).  Consumption: Reviewing usage patterns to optimize resource allocation.

               d).  Purchase: Evaluating purchasing processes for cost-effectiveness.

               e).  Payments: Checking payment practices to uncover revenue leakages.

               f).  System & Process: Assessing the efficiency of your systems and processes.

Start saving money and enhancing your hospital’s financial health with HOSCONS’s non-clinical auditing services. Contact us today to learn more about how we can help you identify and correct revenue leaks.