Trends Reshaping Healthcare:
Healthcare organizations across the country face rising costs and shrinking revenue.
Operating margins for hospitals and health systems have mostly declined over the last 40 years. In response, healthcare organizations are significantly reducing costs, minimizing redundancies, overhauling care delivery models, and scrutinizing their healthcare technology investments — all in the hope of improving their operations and solving their financial challenges.
Tighter Margins Stifle Revenue — and
As more health systems operate in the red, the impact isn’t just financial.
Overcoming these challenges is no easy task. Tighter margins don’t just affect revenue — they impact every part of a healthcare organization.
With tighter margins, healthcare organizations tend to focus on providers and service lines that increase revenue, shifting investment away from those that could make a meaningful difference in improving patient health but aren’t major revenue producers.
Discover an Integrated Solution That Optimizes Your Revenue.
TractManager’s solutions meet all the needs of healthcare organizations, from contract and provider management to strategic sourcing.
Health systems aiming to make smarter decisions that lead to better care need real-time, actionable data that can be standardized and centralized in one place. With a single source of truth across the entire organization, a health system can leverage AI-powered analytics to move from insight to action faster.
TractManager’s suite of contract management, strategic sourcing, and provider management solutions delivers the insights healthcare organizations need to grow revenue and reduce costs. These organizations gain visibility into their contract assets and spend activities, reducing manual work and minimizing financial risks. With greater transparency, accountability, and efficiency, health systems can eliminate data silos, remove bottlenecks, and find savings opportunities. The result is that both the clinical and financial operations of an organization are stabilized.
Measure It to Manage It: Beginning the Journey to Hospital Financial Wellness
The financial health of your healthcare organization needs to be your top priority. Analyze clinical, financial, and operational data to uncover opportunities to improve your processes, systems, and bottom line.