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 » Press Releases » Hospitals & IDNs | Solutions and Services

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
Inpatient Management, Inc. announces 51 percent annualized increase in revenue

Inpatient Management, Inc. announces 51 percent annualized increase in revenue

December 03, 2009 | Industry News Release
Source: Healthcare Finance News

ST. LOUIS, MO – Inpatient Management, Inc. announced significant year-over-year performance results for the nine months ending Sept. 30, 2009, for both the overall company and its hospitalist programs in 10 states. IMI is a national provider of comprehensive hospitalist, inpatient management and consulting services.

In addition to the 51 percent year-over-year increase in revenue, IMI achieved complete operational status with three of the largest hospital medicine programs in their history, including a strategic partnership where IMI designs, staffs, launches, manages and reports on the hospital medicine program, and the client hospital employs the staff and retains ownership of the program.

Among other measures for the company was a 98 percent fill rate for provider openings and the addition of two new corporate executive positions, Vice President of Business Development and Vice President of Decision Support, Clinical Management, filled by David Cornett and Brenda Hopkins, respectively.

“We are deeply gratified by the growth for our company in 2009,” said Kirk Mathews, CEO and Co-Founder of IMI, “but we are more excited by the positive results our client hospitals have achieved in quality of care and financial performance.” Among the increased performance results IMI clients have reported are:

  • Program net return on investment of 4:1
  • Cost reductions per case ranging from $1,000 to $1,700
  • Patient satisfaction scores of 95 percent+
  • Reductions in Average Length of Stay (ALOS) of 20 - 30 percent
  • Physician satisfaction scores exceeding the 90th percentile
  • 50 percent improvement in unexpected mortality rates compared to pre-Hospitalist program rates
  • Overall IMI patient readmission rates of less than 10 percent
  • Positive bottom line impacts of $4,000,000 to $6,000,000 per year

Terri Orf, IMI President, COO and Co-Founder, noted, “These results reflect the dedication of the IMI clinical and administrative staff to superior performance for all of our hospital clients.” She continued, “We have multiple initiatives underway to further reduce costs and enhance performance.” Among those new efforts are a system-wide Physician Leadership Council in place now and the scheduled launch in the first quarter of 2010 of a new integrated practice-management technology platform.

About Inpatient Management, Inc.
Inpatient Management, Inc. (IMI), headquartered in St. Louis, Mo., is a national provider of comprehensive hospitalist programs and consulting services. Independently owned and operated since 1997, IMI serves clients around the country including Missouri, Indiana, Illinois, Tennessee, Michigan, Nebraska, Kansas, North Carolina, Alabama and Washington. For more information about IMI, visit www.inpatient.com.

Related Topics:
  • Inpatient Management Inc.
  • St. Louis

Reader Comments (0)Login to Post a Comment

receive news by email

Most Popular

Latest Headlines
Most Popular
  • Analysis: Medical malpractice payments continue to fall
  • Recession hurts, but pharmacists are still in demand
  • Senate votes to delay doc pay cut until Oct. 1
  • Online auction nets Maryland health system $1.25M in energy savings
  • Healthcare employment rose in February
  • Operating improvements drive debt rating boost for Connecticut hospital
  • Michigan doctor convicted in $18.3M Medicare fraud scheme
  • Puerto Rican coalition asks Congress for health equality
  • Creative payment reform initiatives abound nationwide
  • Senate votes to delay doc pay cut until Oct. 1
Syndicate content

HEALTHCARE FINANCE JOB SPOT

  • Healthcare Consulting Partner/Leader Performance Improvement, Healthcare Finance and Operations - Tatum - Chicago and Dallas
  • Chargemaster - Cheshire Medical Center - NH
  • System Coding Auditor - Saint Joseph Health System - Lexington, KY
  • Manager - Corporate Compliance & Internal Audit - MultiCare Health System - Tacoma, WA
  • Administrator - Mariner Healthcare - Santa Monica, CA
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.