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The Benefits
There are many benefits from using Interstate-pds to perform sleep studies program for your facility. They include:
- Elimination of capital expenditures
- Increased revenues
- Maintaining and increasing patient population base
- Decreasing overhead costs
- More effective utilization of medical staff
Elimination of Capital Outlay
Setting up a new program can require a significant capital outlay as well as increased overhead costs. In the relationship with
Interstate-pds, we provide all the equipment, all the staff and bill you each month only for the number of sleep studies we perform at your
facility. Our low fees in turn allow you to bill the Insurance Company at a higher reimbursement rates. All you have to provide is bed and
bathroom space for the patient plus a workspace for the technician and
equipment.
Increased Revenue
By incorporating a sleep disorder center provided at your facility by Interstate-pds, you can increase your revenues in Three ways. First, you
will realize the net profits when your facility bills the private insurance company and Medicare for the sleep studies and incurs only the
cost effective fee billed by Interstate-pds. Second, you will be in a position to more fully utilize your other outpatient diagnostic
procedure capability. Third, by providing your patient base with the capabilities of an on-site sleep disorder center, you will be in a
position to meet their treatment needs with surgical procedures after appropriate diagnosis.
Additional Surgical Procedures
Sleep studies require different treatment alternatives once Diagnosed. For example, if a patient is diagnosed with sleep apnea, surgery might
be required. The surgical options include:
- Tracheostomy
- Uvulopalatopharyngoplasty (UPPP)
- Mandibular Advancement
Patient Population Expansion
In today's managed care environment, administrators have to be content with lower patient census and more unfilled beds. This is especially
true if you competing with other area hospitals for the same decreasing population. Maintaining your current patient population is also hard
the managed care company or your facility has to refer patients to other facilities because your facility does not provide sleep studies.
By using Interstate-pds services, you will no longer lose your sleep study patients to another hospital or laboratory. Plus, you are able to
include another service to your community without any real capital
outlay. By adding another service, you are able to make your service offering broader and increase your patient population.
Decreased Overhead Costs
Controlling overhead costs is always a concern for a hospital. Having vacant space and unfilled beds is one of the biggest problems facing
administrators in today's managed care environment. Utilizing some of
this empty space for sleep studies makes it revenue productive without increasing overhead by adding equipment and staff.
Utilizing Your Medical Staff
Sleep study diagnosis and treatment involves many specialists from your own medical staff. Among the specialist who cam be more fully engaged by
the presence of a sleep disorder center is your facility are:
- Pulmonologists
- Neurologist
- Otolaryngologist
- Internist
- Psychiatrists
- and Others
Having a sleep study program will not only provide enhanced utilization
of these and possibly other physician specialists, but will also prevent them from referring their patients to another hospital or laboratory for
diagnosis and treatment.
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