Revenue Cycle Management
Healthcare organizations that have maximized the value of revenue cycle management can find additional ways to reduce costs and enhance efficiencies by looking at one of the biggest items on the balance sheet: real estate. Efficiencies in facility operations can improve profitability and enhance patient care, the core mission of the provider.
With HHS issuing a final rule that establishes Oct. 1, 2014 as the ICD-10 compliance deadline, physicians and medical personnel are girding themselves for what many officials perceive to be a complex labyrinth of documentation.
An ICD-10 expert discusses the new ICD-10 deadline with a focus on where healthcare organizations should be today in order to be ready on time.
A corner of the healthcare industry publicly asked the Department of Health and Human Services (HHS) to consider jumping directly to ICD-11. Here's a look at the reasons why this option was not selected by HHS.
Health information exchange. It creates a free-flow of clinical information between IT systems, enhancing patient care and connecting hospitals that have different EHRs. And for CFOs and CIOs, it can lead to big revenue returns.
On the U.S. Department of Treasury's Go Direct campaign website is a countdown clock. It isn't counting down to the end of the Mayan calendar. And although some older adults may view the clock as ticking down to the end of the world as they know it, the Treasury Department and leaders of the long-term care industry say the deadline it's counting down to will begin a new era of increased efficiency and cost savings.
Overall U.S. healthcare prices increased slightly from June to July 2012, rising 0.2 percent, according to the federal Bureau of Labor Statistics.
There's a tremendous amount of waste occurring in the healthcare industry. Organizations are moving to lean management because it exposes what and where these wastes are and rethinks the way work is done via value streams. Healthcare Finance News talked to a lean management expert to take a look at how waste impacts organizations.
When the Centers for Medicare & Medicaid Services announced a one-year delay for ICD-10 implementation in February 2012 -- pushing the date back to Oct. 1, 2014 -- shrewd CFOs kept their focus and pushed forward with their implementation plans and schedules.
The Centers for Medicare & Medicaid Services will penalize hospitals for readmissions beginning this autumn. As a result, many healthcare providers are taking a cold hard look at their bottom line in an effort to meet or exceed projected targets for the year. The difficult part, of course, is that each healthcare provider has its own unique challenges. There is no "one size fits all" solution.