Revenue Cycle Management
According to Suzanne Menard, Revenue Cycle Director at Southern Maine Medical Center (SMMC), some of the most important keys to implementing a successful Point of Service (POS) collection program include clear objectives presented to all hospital committees and comprehensive training programs for involved staff members.
At the same time the government is encouraging healthcare providers, doctors and insurance companies to digitize healthcare information, the landscape for attacking that info is increasing dramatically. One industry insider provides seven tips for how to prevent a data breach.
Some 40 percent of C-suite respondents to a survey on measuring the return on investment of their EMR technologies said they're using performance measures, according to a recent report from management consulting firm Beacon Partners, but just 36 percent said they're satisfied with the extent to which the data is used to measure the value brought to their organization.
Think the transition to ICD-10 is just learning a bunch (a real big bunch) of new codes? Think again. A session held Oct. 22 during MGMA-ACMPE's annual conference in San Antonio laid out the impact of ICD-10 on physician practices and how they can prepare for it on the cheap.
Reimbursement models are used by payers, hospitals, physicians and ancillary care providers to furnish data to healthcare payment contract negotiations. The many changes taking place across the healthcare landscape are forcing payers and providers dependent upon these models to deal with new challenges.
Our complex healthcare system is often challenging for those who work in it. For those who don't -- patients -- a new brand of companies is rising up to help. Patient navigation companies may be patient-centric but they will impact the way the traditional healthcare system does business.
Physician practices that create an empowered, deft workforce aligned around a central philosophy have the ability to react and adjust quickly to change and are better prepared to maximize revenue and flourish during tough economic times.
With over 47 million residents in the U.S. whose primary language isn't English it stands to reason that all hospitals and healthcare clinics will encounter multilingual patients. Increasing state and federal requirements for communicating with limited English speakers have challenged hospital administrators to find cost-effective solutions.
According to a recent study, a majority of hospital and health system merger and acquisition transactions have not been financially successful.
Transitioning to cloud services may be the next big technology move for your organization. What's involved? How much does it cost? Is it worth it? We talked to some folks familiar with cloud computing for "Navigating the Cloud," an e-supplement available on our websites in November. Here's an excerpt from "Financing your transition to the cloud."