Revenue Cycle Management
When it comes to speeding up the revenue cycle, the hospital pharmacy has its own part to play.
As payers and employers put pressure on providers to assume more financial risk, providers are struggling to assess the impact of the risk they have already assumed.
With patients paying more out-of-pocket costs and exchanges increasing the number of plans providers deal with, having financial counselors in a practice may become a necessity.
Medicare announced Friday that it was revising rules intended to prevent the agency from paying twice for the same prescriptions for seniors receiving hospice care. The drug categories in question were identified in a 2012 investigation by the HHS inspector general.
If we don't fundamentally change the way we pay for healthcare, we won't change the economic principles that continue to drive the rapid growth in healthcare spending. Let's pay physicians and hospitals based on the health problems their patients have.
Hospices can now lose Medicare payments if they don’t file cost reports, and yet, because there are no penalties for inaccurate reporting, there is little motivation to spend much time on them.
The Affordable Care Act included a number of delivery system reforms, such as ACOs, bundled payments, and workforce provisions to strengthen foundations in primary care. Unfortunately, a focused effort on payments for specialists was not included.
To boost patient satisfaction scores and compete with urgent care centers and walk-in clinics, hospitals are allowing patients to book appointments in the ER.
Author John Hiat talked to Healthcare Finance News about how his "idea guide" can be used to help healthcare CFOs and controllers solve day-to-day issues.
When a car rolls off an assembly line, the automaker knows exactly what parts, labor and facilities cost. Not so in healthcare, and now some health executives are trying to change that.