When looking to increase your revenue, proper Chargemaster management is essential to your success. If the data in your Chargemaster management software is incomplete or outdated, you could be losing some serious money. Below are ...
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 ...
According to Mayo Clinic CFO Dennis Dahlen, who recently sat down with Becker’s Hospital Review, the CFO role has morphed in recent years. Healthcare is changing rapidly, and CFOs are struggling to balance their traditional ...
A recent Black Book survey found that 26% of hospitals and health systems do not have an effective revenue cycle management system in place. The survey included over 4,500 professionals from 522 hospitals using 165 revenue cycle ...
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 ...
In the past, hospitals worried about patients without insurance not paying their bills. Now the struggle is getting patients with insurance to pay their bills. That’s thanks in large part to high-deductible health plans, which ...
There are only about 12 places in the United States that perform fetal surgery, a highly specialized field in which surgeons, through a tiny incision in the mother’s abdomen, operate on babies that have been developing for as ...
According to the American Hospital Association’s Fast Facts on U.S. Hospitals, 2018 hospital closures have reached 30 a year, a pace that’s predicted to accelerate over the next year and a half. Of 6,000 U.S. private and public ...
The average 350-bed hospital misses $22 million in revenue capture opportunities. Perhaps that’s because 69 percent of hospitals and health systems use more than one vendor for revenue cycle management (RCM). The resulting ...
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