Targeted Margin Improvement
We diagnose your eroding hospital margins and address root causes to improve your financial performance.
We unify your raw data and make profitability visible at the individual patient level. We classify each account into our customized Millwood inpatient & outpatient groups to create consistent service line margin insight. We identify clinical services which are generating losses and your most successful services to improve your margin. Using our years of industry knowledge and our Tweaking the Equation playbook, we lead thoughtful data-driven discussions to convert information into action. By fixing things that are broken, rather than cutting costs haphazardly, leaders can best ensure continuity of their organization's mission into the future.
Length of Stay Management
We create visibility and engagement to improve your length of stay.
Utilizing our proprietary database, we provide you with meaningful LOS benchmarks based on similarly complex peer hospitals. Our real-time reporting package makes it easy to address issues sooner by allowing everyone who can impact LOS visibility. Our experts work with your teams to implement our proven strategies and facilitate change management to gain enthusiasm and sustainability.
We know when your length of stay improves it positively impacts all your metrics (quality,cost, delivery, safety, and engagement).
Revenue Realization
We help you dramatically improve revenue realization, so you can capture every dollar you've earned.
Different than a typical revenue cycle consulting company, we apply our proven proprietary algorithms predicting which inpatient and outpatient accounts are most likely being underpaid. We trace suspected underpaid accounts back to what went wrong, determine any process flaws that exist and address them. We launch and train your own dedicated revenue recovery unit to use our algorithms on an ongoing basis to ensure you get paid fairly. Together, we find underpayment patterns and root causes, addressing them once and for all.
Mother & Baby Revenue Improvement
We ensure your documentation, coding, and reimbursement reflects the true acuity of your patients.
We provide comprehensive education, reports, and customizable tools to link “clinical” and “code-able” language; ensuring the chart is documented and coded correctly for both APR-DRG (Medicaid) and MS-DRG (Commercial) payment models.
Our experts will work with your team on clinical documentation and timely progression of care, aiding you to become a leader in patient safety, core measures and denial prevention.
Pharmacy Optimization
We optimize clinical outcomes while reducing your drug spend.
We help you achieve remarkable cost savings by providing data-driven clinical insights and outlining initiatives that minimize drug spend and improve clinical outcomes.
Our experts will work with your pharmacy team to implement best-practices in drug utilization, GPO contract & drug formulary optimization, ensure regulatory compliance and maximize your 340B benefit.
Culture of Ownership
We guide your leadership team to develop the behaviors that creates a culture of ownership in your financial performance.
Together, we create a vibrant "owner" mindset amongst your leadership team providing the tools to make wise stewardship decisions that strengthen and position your organization for long-term success.
