Healthcare Billing Cost Reduction & Vendor Management Services
Healthcare and social services encompass hospital medical care, outpatient care provided by physicians, urgent care, elderly and hospice care, dental work, and social assistance. About 75 percent of U.S. hospitals in this industry sector are not-for-profit institutions. New regulatory requirements require hospitals to decrease their hospital readmission rates to cut Medicare costs or face financial penalties. Implementation of electronic health records (EHRs) are expected to help control costs through efficiency. Cost containment is a priority for healthcare organizations.
The general rule of business is to control costs, increase revenues, and maximize profit. As revenues increase, the tendency of businesses it to add workers, purchase technology, and increase inventories. However, many companies grow themselves out of business by diverting cash into fixed assets and inventory investments in anticipation of expanding sales.
One way to avoid this situation is to reduce and control non-strategic costs. Through technology and the emergence of the outsourcing industry, companies can reduce costs, increase efficiencies, and increase profits to be in a better position to deal with the inevitable cyclical economic downturn. LT~CRS we are the experts in Healthcare Cost Reduction. We have serviced many healthcare facilities and long-term healthcare groups in saving tens of thousands on telecom, utility, and all vendors in cost reduction programs.
“We were particularly impressed when they uncovered and obtained a credit of nearly $40,000.00 from one of our cable providers, something we simply had no idea was possible. When we entered into our agreement with LT-CRS we had hopes of future savings so receiving a check back from a provider was both surprising and welcome addition to what we believed possible. Here are the numbers that speak to the great job Limitless Technology did in finding ways to better utilize our technology services.”
“Cascade Health Services highly recommends Limitless Technology – Cost Reduction Specialists as a resource for your telecommunication cost reduction savings”.
Ron Haney Owner/President