- Clinical collaboration can improve your financial growth as a provider
- Effective communication can improve patient care while improving ROI in tandem
- Many clinicians don’t know the extent of their network, which, when utilized can strengthen ROI
The common phrase “many hands make light work” is partially true for the healthcare field. More accurately is “many hands make specialized work,” leading to better patient care, not to mention a higher return on investment (ROI).
Clinical collaboration allows for doctors, nurses, technicians, and other healthcare workers to use each other’s wealth of knowledge to best treat a patient. When clinicians can come together to create a treatment and care plan for a patient, they are creating a better patient experience, increasing ROI in many ways, and improving the financial bottom line.
Improved patient care and ROI are often aligned
Improving ROI and patient care may seem like they would have conflicting interests. In reality, the same actions can often strengthen both. When the patient comes first, and clinicians focus on making their care effective and carefully choreographed, money is frequently saved.
Here are a few ways that patient care and ROI can be aligned with better clinical collaboration:
- When clinicians can contact one another immediately — instead of waiting until a shift change or even for assistance finding the right person to contact — they can consult with one another in real-time. Aligning on patient care right away allows for a better quality of care. Patients know that they are receiving specialized treatment and that the clinicians are on the same page when communication happens in unison.
- When patients need to be discharged, they are ready to go home, which eats up unnecessary hospital resources if they remain longer than required. Clinical collaboration allows for patients to be discharged on time and bring the next patient in quickly. Reducing the amount of time a patient spends in a hospital is ideal for clinicians, families, and patients.
- After a patient is released from the hospital, their care doesn’t end there. Organization on the part of the hospital is vital for patient follow-up care. Healthcare providers need to be aligned on the subsequent courses of treatment, follow-up appointments, complications, etc. When providers can collaborate and communicate effectively, it can prevent readmission, increasing ROI, and beneficial patient care.
- When careful documentation is made, and collaboration occurs amongst clinicians and care teams, patients often receive earlier intervention which can prevent more extensive and costly issues down the line. Clinical collaboration helps find problems sooner and treat them faster.
- Many patients complain that clinicians do not coordinate with one another on their follow-up care. Far too often, patients are left with opposing care instructions. This can lead to complications and makes for a poor patient experience, both impact ROI.
Improving clinical collaboration is how you as a healthcare provider can have a better ROI and raise the bar for your patient care in synchronicity.
Improving the ecosystem of a hospital
Making a clinician’s day-to-day tasks more streamlined can help the entire hospital run smoothly. The small items — like a backed up clinical or stat lab result — can have a significant impact and ripple effect. Many physicians have to track down the results of labs several hours after they are ready, creating a delay in patient care and varying delivery times. When small tasks can be managed more efficiently, it helps the entire flow of a hospital ebb as it should, without unnecessary delay.
Clinical collaboration is crucial when a medical ecosystem merges with another. Acquisitions and health system mergers are occurring at record rates. This increases the services that you as a clinician can offer to patients. The difficulty is knowing what is in your medical arsenal. Many clinicians don’t know the extent of the services and specialties in their network, especially after a merger. Having all of your clinicians sharing information and collaborating on a single platform creates a sustainable environment for patient care and improved ROI.