Case Study: Lawrence General Hospital achieves 5.2% net revenue increase with Nordic

Lawrence General Hospital boosts net revenue 5.2% with Nordic

Lawrence General Hospital, a non-profit community hospital, partnered with Nordic to enhance its revenue cycle performance and achieve cost savings. The hospital worked with Nordic on supply chain optimization, revenue cycle enhancement, and clinical process improvement.

Nordic implemented a collaborative approach focused on key strategies like introducing a reprocessing program, optimizing freight costs, and managing excess inventory. This solution generated significant financial gains for the hospital, including a 5.2% net revenue increase, $255,000 in potential savings, and an optimized pharmacy expense reduction estimated at $128,000 annually.

Lawrence General Hospital