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 ...
Hospital charges have become increasingly scrutinized over the years, and it is more important than ever to ensure you are capturing services and procedures appropriately and accurately. When it is time for you to schedule your ...
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 If the data in your Chargemaster management software is incomplete or outdated, you could be losing some serious money.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 ...
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