Hospital Revenue Cycle and Cost Control
Clinical excellence does not guarantee financial health. The revenue cycle and consumables control decide margin.
Where hospital margin leaks
Unbilled procedures, delayed HMO claims, rejected claims and uncontrolled consumables are the four most common leaks.
Tighten the revenue cycle
- Capture services at the point of care, not from case notes later
- Verify insurance eligibility before treatment where possible
- Submit claims within days and track rejections by reason
- Reconcile claims submitted, paid and outstanding monthly
Control consumables
Store issues should be requisition-based and matched to procedures performed. Periodic stock counts of high-value items are non-negotiable.
Departmental reporting
Report contribution by department — outpatient, theatre, laboratory, pharmacy — so investment decisions rest on evidence.
About the author
Soteria Consult Editorial Team
Accounting, Tax & Advisory Practice
Soteria Consult Ltd works with organisations across Nigeria and beyond on accounting, financial management, tax, ERP, automation and leadership development.
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