Fierce Health IT August 15, 2019
Under value-based payment models, a well-run transfer center can ensure that patients receive the highest quality care in the lowest cost setting within the health system.
Every healthcare organization is exploring ways to increase revenue and reduce costs. Taking drastic action, however, may not be necessary.
Instead, health systems could invest in a department they likely already have—their transfer center—and experience a significant increase to their contribution margin.
Transfer centers are often overlooked revenue generators in both fee-for-service and fee-for-value payment models, even though they can be a leading profit center for the health system when properly structured, managed and equipped.
In fact, an independent University of Utah study commissioned by our company found each patient transferred yields an average of $10,800...