This article describes a “perfect storm” of factors that lead to the health system’s financial loss…
…”the operating loss is due to declines in inpatient and outpatient volumes because of the hospital’s efforts to reduce readmissions and infections; “unintended financial consequences” due to the roll out of the health system’s Epic electronic health record and problems associated with being unable to accurately charge for services provided; an increase in free care and bad debt cases; and continued declining reimbursement from Medicare and MaineCare, the state’s Medicaid program”
[…] regards to the comments on the trade off of lost productivity vs. potential new revenue, check out this post from a month […]