There’s no denying that surgery is an expensive endeavor, and it’s tough for a hospital to walk that fine line between quality care, profit, and affordability for the patient. From a financial standpoint, a focused effort must be ...
Budgets for healthcare facilities are very tight with little margin for error. Optimizing revenue must be given the closest attention to ensure viability. There is no room for mistakes and charge capture gaps which could ...
With the number of charge master management solutions in the health care market today, many touting the “Cadillac” model full of bells and whistles, it may be hard to get to the core to know what you really need and ensure those ...
Medicare funds a significant portion of our country’s healthcare services. The amount of money that comes to the hospital from federal health insurance for senior citizens is considerable and necessary to support a hospital or ...
The 835 and 837 transaction sets are two electronic documents vital to healthcare and commissioned by HIPAA 5010 requirements. They are an essential part of the hospital payment process, but one might not fully understand exactly ...
This past January, Modern Healthcare published Healthcare executives expect M&A to boost business in 2019. “Nearly three-quarters of 291 senior executives polled said they expect better business performance in 2019 than last ...
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 ...
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