By Marty Callahan – The way payer trends are developing, you can expect your 2019 to be a year defined by denials. Last year, the Advisory Board’s biennial survey on revenue cycle found a median 350-bed hospital was likely to lose $3.5 million to increased denials writeoffs over the previous four years.
By Casey Williams – If you’ve never seen a “perspective sculpture” in person, you’ve probably run across a few online. One of the most famous is dedicated to Nelson Mandela — from one angle, it looks like a random gathering of misshapen steel columns.
By Casey Williams – Here’s What to Do About It. Billing statements are infamous for being difficult to read, but we tend to underestimate just how much confusion they introduce into the patient’s understanding of their healthcare experience. Here’s a little proof.
By Marty Callahan – When was the last time you updated yourself on the slew of regulations that impact hospital revenue cycle? If you have to think too hard, that’s probably a good sign you and your organization are at risk of running afoul of one of the many standards that silently hover above your daily operations.
By April Wilson – With the rising increase in healthcare costs and patient responsibility, it is important for healthcare organizations to understand today’s consumers and the latest trends in patient payments.
By Marty Callahan – It’s easy to overlook quality of care as part of the financial equation with so many internal and external demands competing for a slice of your already limited budget.
By April Wilson – The CMS announced in November 2017 a new approach to quality measurement in response to continued provider concerns about delivering quality care under the Affordable Care Act’s value-based public approach to patients as consumers of healthcare.
By Marty Callahan – Is your organization scrambling to solve escalating revenue loss created by high-deductible health plans? You’re not alone. The rising volume of patient out-of-pocket payments reported as uncollected correlates directly to the increasing portion of insured patients covered by HDHPs.
By April Wilson – Claims denials represent millions of dollars in lost net revenue for hospitals and health systems, with up to 7% of submitted claims being denied in an average hospital on a routine basis.
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