In April, Hospitals began losing hundreds of thousands of dollars from the 2 percent Medicare sequester cuts. http://www.usatoday.com/story/news/nation/2013/03/02/budget-cuts-affect-you/1958651/ Most hospitals are just now beginning to feel the financial pain of these cuts. Los Angeles based Wound Care Advantage, (WCA) a national leader in wound center operations and development, has pioneered an approach for acute care hospitals to make up these losses.
In the next 10 years, Medicare providers could lose up to $100 billion in cuts alone. http://www.usatoday.com/story/news/nation/2013/03/02/budget-cuts-affect-you/1958651/ The company has developed a program that provides an average margin of over 42% for partner hospitals around the country, and one of the fastest healing rates in the industry. Wound Care Advantage can improve revenue and reduce costs for hospitals currently operating centers and those looking to add this needed service line.
WCA helps hospitals save costs while also increasing revenue. “Whether a hospital wants to improve a self-managed program that is not meeting the full potential, transfer from a current management company that is charging too much or start a new program, WCA can help,” said Mike Comer, President and Chief Executive Officer of Wound Care Advantage. “Wound care revenue and services have never been more important to hospitals as both the focus and reimbursement shifts to outpatient facilities.”
Wound Care Advantage is a wound center management and consulting firm. The company specializes in developing, transitioning, and revitalizing wound care programs. For over a decade, Wound Care Advantage has assisted hospitals across the country run clinically and financially successful wound care programs.
For more information about how a wound center can help recover lost revenue, go to http://www.thewca.com/sequester-cuts or call 1.888.996.8637 and talk to a member of the Wound Care Advantage team.