News | February 03, 2015

MedQuest Radiology Offers Strategic Assessments for Actionable Radiology Improvements

Assessments help identify potential operational efficiencies, cost savings and revenue-generating opportunities

MedQuest, strategic assessments, radiology, operations, business

February 3, 2015 — Hospitals and healthcare systems are facing unprecedented threats to their bottom lines, challenging them to curtail costs, increase revenue and improve the delivery of efficient quality patient care. In this tumultuous environment, MedQuest Radiology Management Services is seeing greater demand for its assessment services that help healthcare organizations identify areas for improvement within their radiology operations.

MedQuest’s assessments range from comprehensive evaluations of all aspects of radiology operations to in-depth-examinations of a single function, such as sales and marketing, operations, scheduling, billing and denials, IT/system integration, and facility and equipment review. MedQuest is also often called upon to provide a market assessment focusing on referral patterns, referring physician feedback, radiology network strategies and future expansion opportunities.

Recent assessments include:

  • Healthcare system transformation – A multi-state integrated healthcare system was seeking to identify potential efficiencies, cost savings and revenue generating activities for radiology while enhancing operations. MedQuest narrowed the focus to staffing and scheduling, which offered the greatest return on investment (ROI) within a tight timeline. Under MedQuest’s guidance, the healthcare system exceeded their goal of a $4 million impact on operating cash flow. 
  • Medical center expansion – MedQuest was asked to help ensure the success of a medical center’s new location and increased scan volume 27 percent while maximizing the effectiveness of the system’s imaging network. MedQuest identified areas of opportunity to improve operational processes and workflow in scheduling, patient registration and modality patient flow, evaluated the management and staffing model and identified metrics for operational efficiency and management accountability.

 

The assessment process begins with a data review that allows the team to identify potential opportunities and specific areas of focus prior to the onsite visit. While the team is onsite, they conduct interviews with staff, radiologists, and affiliated and independent referring physicians, and observe procedures and workflow. Following the visit, the team analyzes the information and develops specific and actionable recommendations based on industry and proprietary best practices.

Finally, MedQuest presents its findings and recommendations to the healthcare organization, including a comprehensive review of the market, current operations and both near term and longer term improvement opportunities.

For more information: www.mqradiology.com

Related Content

Life Image and Bialogics Analytics Partner to Deliver Imaging Business Intelligence
News | Analytics Software | May 21, 2019
Life Image and business intelligence analytics provider Bialogics Analytics have formed a strategic partnership that...
3 Recommendations to Better Understand HIPAA Compliance
Feature | Information Technology | May 17, 2019 | Carol Amick
According to the U.S.
ITN reached 90,000 unique Facebook users with content during the week of the visit to Central DuPage Hospital

ITN reached 90,000 unique Facebook users with content during the week of the visit to Central DuPage Hospital.

News | Radiology Business | May 10, 2019
Imaging Technology News (ITN) earned an Honorable Mention at the 2019 National Azbee Awards of Excellence in the Cross-...
An illustration of radiology department analytics data showing GE Healthcare's business analytics software.
Feature | Radiology Business | May 03, 2019 | April Wilson
According to IBM, the world creates 2.5 quintillion bytes of data daily.
Fail-safe Program for New Medical Technology Focuses on Patient Safety
News | Radiology Business | April 29, 2019
New medical technology offers the promise of improving patient care, as well as the potential for harm if caregivers...
ITN Wins Jesse H. Neal Award for Best Technical Content
News | Radiology Business | April 24, 2019
April 24, 2019 — Imaging Technology News (ITN) was recently named the 2019 Jesse H.
Medicare Trustees Report Hospital Insurance Trust Fund Will Deplete in Seven Years
News | Radiology Business | April 22, 2019
The Medicare Hospital Insurance (HI) Trust Fund, which funds Medicare Part A, will only be able to pay full benefits...
iCAD Appoints Stacey Stevens as President
News | Radiology Business | April 16, 2019
iCAD Inc. recently announced that Stacey Stevens has been named president. As president, Stevens will have expanded...
ASTRO Applauds Introduction of PIMA Patient Protection Bill
News | Radiology Business | April 15, 2019
The American Society for Radiation Oncology (ASTRO) hailed the introduction of federal legislation that would...