Author: Newbrier

Understanding the True Cost of Underutilized Services

Written on January 27, 2025.

Hospitals, particularly those serving rural communities, face unique financial pressures that often magnify the impact of underutilized services. While healthcare leaders are acutely aware of...

Using the Theory of Constraints to Identify Bottlenecks in Patient Flow

Written on January 20, 2025.

This comprehensive article explains how hospitals can leverage the Theory of Constraints (TOC) to uncover and address critical bottlenecks, significantly improving patient flow and overall...

Making the Monthly Close Meaningful

Written on January 13, 2025.

The monthly financial close is often viewed as a routine, sometimes tedious, task by hospital financial departments. Yet, when approached strategically, the monthly close can become a powerful...

Cash Rules Everything: The Foundation of Hospital Decision-Making

Written on January 6, 2025.

Hospitals play an indispensable role in community health, providing critical services and support systems that directly impact the lives of countless individuals. Yet, despite their noble...

High Cash, Low Confidence: Understanding When Financial Strength Is a Mirage

Written on May 6, 2024.

At first glance, a robust cash balance might suggest a hospital is in excellent financial health. However, a closer look often reveals underlying vulnerabilities that can transform perceived...

What Your Balance Sheet Says About Your Hospital’s Philosophy

Written on April 1, 2024.

Your hospital’s balance sheet is more than just numbers—it’s a reflection of your organizational philosophy, priorities, and strategic direction. While most hospital leaders rightly focus on...

How to Stop Procrastinating: Practical Strategies for Overcoming Delay and Enhancing Productivity

Written on March 4, 2024.

Procrastination is a common hurdle that many of us face, impacting our productivity and efficiency both in personal and professional spheres. This tendency to delay or postpone tasks can lead...

Dealing with Payment Uncertainty in Rural Hospitals: Strategies for Financial Stability

Written on February 26, 2024.

In the financial landscape of rural hospitals, one of the biggest challenges is the uncertainty of when payments will be received. Patients may not pay their bills on time, insurance companies...

Essential Cash Flow Metrics for Rural Hospitals: Calculation and Importance

Written on February 19, 2024.

Effective cash flow management is crucial for the financial health of rural hospitals. Monitoring key cash flow metrics helps ensure that hospitals can meet their financial obligations, plan...

The Impact of Improving Accounts Receivable Collections on Cash Forecasts

Written on February 12, 2024.

Enhancing accounts receivable (AR) collections can significantly transform the financial health of rural hospitals. Accurate and efficient AR collections ensure a steady cash flow, which is...

Beyond Patient Collections: Other Cash Inflows for Rural Hospitals

Written on February 5, 2024.

For rural hospitals, patient account collections are a critical source of revenue, but they are not the only source. Diversifying cash inflows is essential for financial stability and effective...

Beyond Numbers: The Impact of Qualitative Denominators in Rural Hospitals

Written on January 29, 2024.

In the distinctive landscape of rural healthcare, assessing a hospital’s operational effectiveness extends beyond the realm of quantitative analysis. The success of a rural hospital is...