When implemented well, a tightly integrated Hospital Information System (HIS) that focuses on financial management can help hospitals thrive in today’s rapidly changing, challenging and highly competitive healthcare market.
If you are considering upgrading or installing fresh, here is a list of the main benefits you should expect your new HIS to deliver from the get-go. How well they measure up along these lines is a good indicator of how much value they will be to your organization’s operational efficiencies, staff productivity, patient outcomes and financial bottom line.
- Revenue cycle improvements
An effective HIS simultaneously increases operational and process efficiencies in billing and helps improve cash flow. It enables efficient automated processes, giving healthcare facilities the power to increase the number of relevant claims submitted on time and decrease the time spent organizing billing and collecting payments. Also, by giving users in Finance point-in-time information whenever they need it, HIS facilitates receipt of payments in shorter timeframes.
- Stringent control of Inventory
The valuable HIS helps to optimize stocks at hand at all times, and hence reduces capital/interest costs. With it, the hospital can easily and quickly minimize inventory (supplies) loss due to theft, misplacement or expiry supplies. By keeping pharmacy administrators well-informed of the early consumption/depletion or return of drugs due to expiry, the HIS helps them in their planning to ensure that there is never a big gap between actual requirements and orders. In fact, the HIS will give them the data they need to improve demand forecasting at every stage.
- Faster processes and results
Automated processes on the HIS helps to ensure that the standard operating procedures are strictly followed and there is never any deviation from it. This also leads to improved patient care and outcomes and enhances that further by providing key personnel access to real-time patient information throughout their stay at the health facility or the duration of care administration. All in all, the faster work processes that an HIS delivers will lead to greater patient satisfaction.
- Smarter and more informed planning
The ideal HIS provides clinical and nonclinical staff and management with the accurate and timely information they need to make the right decisions, enabling them to always optimise their resource utilization. Its reporting and analytics features give them a full view of their costs across their organization’s network, its inherent risks, and factors that can be used for risk mitigation. It is, in fact, a single solution that enhances critical decision-making capabilities across an entire organization.
If you would like to find out more about a HIS that can transform your healthcare organisation into the most efficient and profitable it can be, your people into the best clinical and nonclinical healthcare professionals and leaders they can be, and your patients into the healthiest people they will ever be—make your way to the Napier HIS page or write to us to schedule a call today.