Atlanta-based Grady Health System has changed its financial direction, partly due to revenue cycle improvements initiated by CEO John Haupert, according to a Georgia Health News report.
Here are four things to know.
1. Mr. Haupert became CEO in 2011. Around that time, the health system was in bad shape, and accruing a $27 million loss, according to the report.
2. One of Mr. Haupert's goals was to improve billing and collections systems, and that was the first thing he addressed at Grady, according to the report. The report also notes Grady invested in a new system for EMRs.
3. Today, Grady is profitable, taking into account financial contributions from Fulton and DeKalb counties, Georgia Health News reports. Mr. Haupert told the publication Grady's profit in fiscal year 2016 should be $40 million, including the counties' contributions.
4. Other improvements under Mr. Haupert's tenure include a program to help people without insurance enroll in Medicaid; creation or expansion of programs in cardiac care, urology, orthopedic surgery, stroke, trauma and burns; and improving managed care contracts with insurers, according to the report.