Revenue cycle management emerged from a recent HIMSS survey as a key area for investment over the next 12 months. In fact, nine out of 10 healthcare stakeholders surveyed identified the revenue cycle as a strategic priority. This executive summary offers insights about: How healthcare organizations are approaching revenue cycle improvement through technology. How rising [...]
Revenue Cycle Management is a key area investment at healthcare organizations, particularly at hospitals and health systems, a survey from HIMSS found. That is not surprising given the ongoing evolution in reimbursement models in the healthcare industry, prompting hospitals and health systems to rethink their payment-collecting processes. The survey revealed three insights into how healthcare organizations are [...]
Providers need to be ready for more uninsured patients Technology and healthcare go hand-in-hand. There will soon be a generation that has never used a paper patient record or mailed a medical claim. The business of healthcare benefits significantly from technology, but progress can be impeded when disparate systems try to work together. The goal of interoperability is universal; [...]
Providers need to be ready for more uninsured patients Recently released US Census data found that the highest number of Americans are uninsured since the ACA was enacted in 2009. The number of uninsured rose by two million from 2017 to 2018. Included in this number is the increasing amount of uninsured children, which is estimated to be every [...]
The home health industry has begun to brace itself for January 1, 2020, the first day of the new Patient-Driven Groupings Model (PDGM) and the beginning of the Request for Anticipated Payment (RAP) phase-out. Many home health organizations are expressing concern that the double-whammy of PDGM and RAP taking place simultaneously will seriously affect their cash flow and may cause some businesses to close their doors..
Data breaches have unfortunately become the norm, not the exception, but they remain no less troubling to consumers. It’s extremely important to keep your patients’ information safe and secure — that’s no surprise. If your practice or hospital is at risk for a breach, you need to take proactive steps to ensure security...
Manage the Damage of Data Breach Imagine this -- It’s a Friday morning and you’re sitting at your desk savoring the last drops of your morning coffee. A call is transferred to your office, so you answer the phone. Within the next two minutes, you learn that a patient has had her credit card information stolen, and it appears it may [...]
When patients are stretched financially, the bitter truth is that they need to choose which bills get paid and which don’t. Creating a constructive dialogue with patients makes it much more likely your office’s bills will make it to the top of the monthly list
If you are like most administrators, you view your income as a 'lump' of money that shows up on your monthly reports. However, unlike other industries where there is a single payment for a service, healthcare income is broken into categories, such as co-pays and coinsurance, that are paid at different times
Understand the basics of credit card processing compliance for medical offices 2019 is off to a fast start for health data breaches. According to HIPPAJournal.com, the Q1 2019 Health Data Breach Report in January 2019 had 490,937 healthcare records exposed, stolen or impermissibly disclosed. How does this affect healthcare credit card transactions? Credit card information is covered under HIPAA [...]
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