Anesthesia Billing

Attracting Top Talent to Ignite New Growth
A hospital was increasingly frustrated with its anesthesia department. With declining physician income and high turnover among certified nurse anesthetists (CRNAs), hospital executives were seriously considering terminating their anesthesia contract altogether.

Attracting Top Talent to Ignite New Growth

A hospital was increasingly frustrated with its anesthesia department. With declining physician income and high turnover among certified nurse anesthetists (CRNAs), hospital executives were seriously considering terminating their anesthesia contract altogether.

The hospital needed a solution to attract quality anesthesiologists and CRNAs without hurting their bottom line. Dissatisfied with its current practice management team, hospital representatives began searching for a fresh perspective. They felt a sense of relief when they connected with MediDecoder at a symposium presentation on practice management.

Equipped with an experienced practice management team, MediDecoder was the clear choice. The hospital and MediDecoder drew up a contract, and the revenue cycle management company created a plan of action.
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Solution

After signing a three-year contract with MediDecoder, later extended to a five-year term at an increased fee, the hospital experienced rapid changes.

First, MediDecoder partnered with the hospital to create a contract with stipends to attract top personnel. They then collaborated to develop new service sites outside the facility’s main grounds.

In addition to bringing in new payers, MediDecoder negotiated a comprehensive pain co-management agreement and a contract extension for the anesthesia division. They recruited a new group of CRNAs, allowing the facility to fully staff the department without relying on temporary hires. MediDecoder even assisted the hospital in launching a successful lawsuit against its former practice management company.

The hospital’s partnership with MediDecoder has proven to be a fruitful experience for both parties.

Results

With MediDecoder's guidance and leadership, the hospital received a $900K stipend and saw a revenue increase of $872K (13% in the first year) and 53% in 2014. Each partner's income increased by 28% in the first year.

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