Healthcare Finance NewsHealthcare Finance News
  • Home
  • Sections
    • Industry News
    • Community Care
    • Hospitals & IDNs
    • Payers
    • Solutions and Services
  • Issues
    • March 2010
    • Jan/Feb 2010
    • December 2009
    • November 2009
    • October 2009
    • Sept. 2009
  • Resource Central
    • All Resources
    • Research
    • White Papers
    • Web Seminars
    • Videos
    • Podcasts
  • Blog
  • Events
  • Jobs
  • About
  • Subscribe
  • Advertise
  • Newsletters
  • RSS
  • Twitter feed
  • LinkedIn group
Select Your Homepage
Search eConnect
Login | Register
Home » News » Management Beat

E-mail to a FriendPrint
Social Bookmarking
  • Delicious Delicious
  • Digg Digg
  • StumbleUpon StumbleUpon
  • Reddit Reddit
  • Newsvine Newsvine
  • Furl Furl
  • Facebook Facebook
  • Google Google
  • Yahoo Yahoo
Hospitals are paying more attention to their customers

Hospitals are paying more attention to their customers

October 29, 2008 | John Andrews, Contributing writer

Suggested Content

  • Vendor Notebook - St. Vincent Health System implements performance analytics
  • Vendor Notebook - Enclarity unveils Provider SelectFile
  • Vendor Notebook - MPV signs three contracts for Phynance tool
  • Vendor Notebook - Cigna acquires Great-West
  • Vendor Notebook - Jan. 14, 2008
  • Health Net unveils storefront service
  • Vendor Notebook - Feb. 5, 2007

BECAUSE HEALTHCARE “customers” don’t fit the conventional role of goods and services buyers, provider organizations haven’t made customer relationship management a priority.

But as consumers assume more financial responsibility through medical savings accounts, Medicare Part D doughnut holes, higher insurance deductibles and other self-pay mechanisms, hospitals are apparently starting to take notice.

“No question the consumer sector is growing and the fastest growing payer class is self-pay,” said Keith Maurer, Minneapolis-based Forthright’s vice president of healthcare solutions. “Salary.com reports that the percentage of employer plans with higher deductibles and co-payments will double next year.”

Indeed, with an escalating number of patients footing a greater financial share of their healthcare costs, the medical industry is – whether it wants to or not – becoming more retail-oriented, meaning hospitals must now think like a commercial enterprise with regard to customer relations.

The concept is giving rise to a movement commonly referred to as customer relationship management, or CRM. Software vendors like Pleasanton, Calif.-based Oracle are touting CRM systems as the engine hospitals need to effectively drive the various aspects of customer relations, including inquiries, scheduling, follow-up, billing assistance and account disclosure, as well as promising more sophisticated functions like telemedicine.

“The interesting thing about CRM is when you think about key trends in healthcare – escalating costs, the shift to outpatient care – consumers are becoming much more empowered,” said Marc Perlman, Oracle’s vice president of healthcare life sciences. “This means CRM is ripe for healthcare organizations to start adopting.”

While still in a nascent stage for the provider community, CRM is long established in other industries as well as in the payer sector, Perlman said. To customize the CRM concept for hospitals and other providers, he said Oracle is developing a system that goes beyond the “call center” basics.

“We’ve got a model right now that has CFOs excited,” Perlman said. “What we’re doing is creating a system that personalizes interaction and intervention, offers access to information, helps facilities utilize resources, lets patients go home with the right safety net and captures new sources of revenue.”

Oracle’s new generation CRM provides an infrastructure for transforming care, enabling providers to form virtual care teams “that enable organizations to truly be a medical home and focal point for those with chronic diseases,” Perlman said. CRM tools can furnish providers with a mutual care team that collaborates on critical aspects of patient care outside of the acute care environment.

  • 1
  • 2
  • next ›
  • last »
Related Topics:
  • November 2008
  • California
  • CRM
  • Keith Maurer
  • Marc Perlman
  • Medicare
  • Minneapolis
  • Oracle
  • Pleasanton
  • retail
  • telemedicine

Reader Comments (0)Login to Post a Comment

receive news by email

Most Popular

Latest Headlines
Most Popular
  • Creative payment reform initiatives abound nationwide
  • Michigan doctor convicted in $18.3M Medicare fraud scheme
  • P4P models could improve medical professionalism
  • Economist says episode payments will bend healthcare cost
  • Hospital CEO turnover rate increases
  • High private-payer margins can lead to negative Medicare margins
  • New York hospital official pleads guilty to bid rigging and fraud
  • Insurance plans say health reform bill will drive up premiums
  • Emdeon to bolster payer offerings with HTMS deal
  • Study finds nursing workforce is growing and diversifying
Syndicate content

HEALTHCARE FINANCE JOB SPOT

  • Controller - Rady Children?s Hospital - San Diego
  • Management Analyst Financial - Rady Children?s Hospital - San Diego
  • Director of Patient Financial Services - Vista Health System - Waukegan, Illinois
  • Epic Business Systems Analyst Ambulatory Practice Management Revenue Cycle - Lee Memorial Health System - Fort Myers, FL
  • Healthcare Consulting Partner/Leader Performance Improvement, Healthcare Finance and Operations - Tatum - Chicago and Dallas
more jobs
  • EHRWatch.com

    EHRWatch.com offers news, commentary and community participation on the developments in electronic health records.

  • Priming the Pump

    Priming the Pump provides practical news on the stimulus package and the incentives that it offers to healthcare providers.

  • NHINWatch

    Visit NHINWatch.com for coverage of the Nationwide Health Information Network.

  • Mobile Health Watch

    Stay up to date on the latest mobility news at Mobile Health Watch.

  • MedTech Publishing

    Visit our company Web page to learn more about MedTech Publishing.

  • LinkedIn

    Join our LinkedIn group to connect with other Healthcare Finance News readers.

  • Healthcare Finance Job Spot

    Check out the latest open positions at Healthcare Finance Job Spot.

  • Healthcare IT News

    Visit Healthcare IT News for the latest health information technology news.

  • Facebook

    Join Healthcare Finance News on Facebook to connect with other readers!

Marketplace

  • Home
  • Issues
  • Resource Central
  • Blog
  • Events
  • Subscribe
  • Advertise
  • About Us
  • Site Map
  • Privacy Policy
Healthcare Finance News is a publication of MedTech Publishing Company LLC.
For more information about MedTech Publishing Company and its publications, please visit medtechpublishing.com.
©2009 MedTech Publishing
Powered by Phase2 Technology.