| | NOVEMBER 202419UTLOOKHealthcare Tech Our solutions restructure critical functions like scheduling, billing and patient management, empowering ASCs to embrace automation and achieve consistent performance in every step of the workflowProfitability also hinges on comprehensive performance tracking. Monitoring how every minute of OR time contributes to the bottom line--whether broken down by physician, surgery type, case mix or payer--provides actionable insights. The well-known maxim, "You can't manage what you don't measure," underscores the necessity of detailed analysis in identifying both strengths and areas for improvement.Solutions such as HST Data Stream give access to this critical operational and financial data and offers real-time analysis. The up-to-the-minute performance metrics empower ASCs to make informed decisions quickly.Predicting Profitability, Made EasyHST Profit Forecast is another substantial tool in HST Pathways' inventory. It provides invaluable insights by assessing the financial impact of each case before it even begins. It often takes months or even years for ASCs to discover that certain procedures have eroded their profitability. But HST Profit Forecast flags potential financial risks at the time of scheduling. It helps centers mitigate risks, like unprofitable payer arrangements and variations in surgical methods, before they become costly mistakes.Being able to analyze case profitability is a game-changer. By renegotiating contracts, rethinking surgical supplies and refining physician protocols, ASCs can proactively manage their case profitability.Consider the case of one of the top-ranked ASCs in Beverly Hills. The facility was consistently losing revenue on a particular case but could not determine why. After implementing HST Profit Forecast, they identified the cause in seconds. Had the facility used this solution earlier, it would have saved them $305,000. Shaping the Future of Outpatient SurgeryTransitioning to a new core technology system can seem daunting. But for over 1,700 ASCs, the shift to HST Pathways has been nothing short of transformative. With a client retention rate of 98 percent and a "Best in KLAS" tag to its name, HST Pathways has proven its ability to lead ASCs through seamless transitions to deliver measurable results. Most centers see a rapid return on investment--typically within just two to three months--and a remarkable annual ROI, earning three to six dollars for every dollar invested.Surgery Partners, a leading operator of surgical facilities company, saw a 48 percent growth in profitability. It also improved their performance across facilities, achieved more consistent results and generated higher profits and distributions for its owners. In an industry where precision, efficiency and proactive management define success, HST Pathways has become the partner of choice for ASCs, setting new benchmarks for excellence and ensuring they are equipped to meet current challenges and positioned to lead the next wave of outpatient surgery advancement. HT
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