Profit margins are shrinking for hospitals across the country. Bundled payment structures are on the rise, making it difficult to determine if reimbursement is accurate. Healthcare providers cannot afford to miss out on ...
It is important to you that your patients receive the complete care that they expect and deserve. It’s also important to you that your facility is properly and completely reimbursed for the treatments, services, and support you ...
It’s no secret that billing is a complicated process for hospitals and physician’s practices. Many people struggle to quickly determine how to charge for the services they offer their patients, and which charge codes to use ...
When the finance management team at your facility is reviewing pricing, how do they determine what to charge? It’s crucial to keep your pricing consistent with both your local market and your payor contracts. However, it’s not ...
Accenture just released a survey taken from more than 2,000 U.S. consumers, and the findings are clear: Millennials and Generation Z consumers are demanding a different kind of healthcare. With Millennials projected to be the ...
When looking to improve efficiency and reduce costs for your hospital, you want to ensure your total cost of care is measured correctly. The two variables you want to look at are how much is reimbursed for each service and how ...
When looking to improve your healthcare revenue, it is important to identify why you are losing money in the first place. With costs continually fluctuating, you want to ensure you are looking at your billing to identify any ...
Charge capture software is essential to a hospital’s revenue cycle process. Below are three ways you can improve your charge capture with the help of MedCom Solutions. Educate Your Employees The first step to improving your ...
Chargemaster, also known as charge description master (CDM), is a list of all items billable to a patient or to a patient’s health insurance provider. Hospitals and physician practices utilize the Chargemaster to analyze service ...
Digitization is making it easier to provide better care, but is technology coming between patients and doctors? Is it changing the role of the doctor, and making healthcare better for patients and worse for practitioners? These ...
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