Looking to improve revenue? Industry best practices state that charge capture errors should occur on less than 2% of accounts or claims. But at a time when margins are shrinking, accepting errors on even 2% of accounts means ...
Hospitals’ financial performance has worsened significantly since the beginning of 2016. According to a recent article in the Harvard Business Review, the main problem is a lack of operational discipline and a disconnect between ...
A hospital’s financial health depends largely on its revenue cycle operations. The more unpaid bills that sit in accounts receivable, the less money you have rolling in. That means more time and effort spent on collection, ever ...
At the nation’s best hospitals, revenue cycle management is front and center. The Healthcare Financial Management Association (HFMA) has just announced the winners of the MAP Award for High Performance in Revenue Cycle. Of 110 ...
Blockchain. You’ve probably heard the term. You may not have known that it could alter revenue cycle management in healthcare to the core. The CEO of IBM has already said that Blockchain will do for transactions what the internet ...
Hospital leaders across the country have been closely watching the healthcare proposals coming out of Washington over the last several months. Although the bill that would cuts Medicaid and result in increased uncompensated care ...
Everyone knows that medical care in the United States is marked by waste, largely from unnecessary treatments and excessive testing. What to do about it is another matter. Difficulties eliminating waste Sutter Health, a large ...
Identifying the root cause of payment problems is critical to collecting all possible reimbursement. With costs rising and payments decreasing, inefficiencies and billing errors can be catastrophic if they go uncorrected. Collect ...
The Prospective Payment System (PPS) is a reimbursement method in which a Medicare payment is made based on a predetermined, fixed amount: the PPS rate. Different Prospective Payment Systems are used for reimbursement to ...
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