Billing Performance Tool from HPS Provides Integral OR Performance Data for Hospitals

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Healthcare Performance Strategies (HPS), a physician-led consulting firm focused on assisting hospitals in improving delivery of anesthesia services, mitigating the impact of anesthesia subsidies and enhancing performance and profitability in the operating room, announced today the launch of its Anesthesia Billing Performance Tool.

led consulting firm focused on assisting hospitals in improving delivery of anesthesia services, mitigating the impact of anesthesia subsidies and enhancing performance and profitability in the operating room, announced today the launch of its Anesthesia Billing Performance Tool.

The innovative Anesthesia Billing Performance Tool is part of the company's new suite of surveys and measurement tools and offers instant insight into an anesthesia group's billing effectiveness as measured against peer groups. The group simply completes a brief, online questionnaire, the results of which are tabulated and compared to peer groups and benchmarks in the HPS database. This anesthesia billing data offers valuable insight into OR utilization and anesthesia billing performance, allowing a hospital to proactively identify problems and work with the anesthesia group to make appropriate adjustments.

"The effectiveness of a hospital's anesthesia group's billing directly impacts its bottom line since group revenue is a principal component of most anesthesia subsidy calculations," remarked Robert Stiefel, M.D., principal of HPS. "Our easy-to-use Anesthesia Billing Performance Tool offers hospitals benchmarked data that represents actionable metrics and displays six critical measures of performance."

The HPS suite of anesthesia surveys and measurement tools includes easy-to-use, benchmarked and real-time insight into the satisfaction of a hospital's surgeons with the performance of its anesthesia group in the operating room. The Anesthesia Billing Performance Tool adds a vital component to the suite by offering a framework for evaluating anesthesia revenue improvement and OR utilization, while its user-friendly, Web-based format offers easy access for hospital executives.

About Healthcare Performance Strategies
HealthCare Performance Strategies (HPS), a results-oriented consulting company dedicated to delivering bottom line results by improving anesthesia delivery models and operating room suites, was founded by healthcare executives with significant operating room and anesthesia group experience and physician experts in performance improvement and "real world" implementation. The HPS team has extensive experience in creation and redesign of anesthesia groups, structure and negotiation of anesthesia/hospital contracts, revenue cycle optimization, hospital employment models and operating room improvement initiatives. Our mission is to provide customized services that will increase profitability and market share, and our background in both clinical and business operations allows us to quickly identify opportunities to meet strategic goals and enhance financial performance.

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