Revenue Cycle Management
Memorial Medical Center in Port Lavaca, Texas, realized a $50,000 bump in revenue in just three months by optimizing the billing process.
Telehealth's promise of opening a virtual connection between clinicians, organizations and patients offers the opportunity to increase patient access while improving care continuity. But telehealth can also provide business benefits for healthcare providers.
A new actuarial analysis of general and professional liability (GL/PL) claim costs for long-term care facilities offers good news and bad news. The good news first: frequency of claims is neither increasing nor decreasing. The bad news: the severity of claims is increasing steadily.
TriZetto Group's Gateway EDI subsidiary announced last week that it more than doubled its customer base of healthcare providers with the acquisition of 10-year-old revenue cycle management and electronic transaction processing systems company ClaimLogic.
As widespread drought annihilates crops and sends prices increasingly higher, supply chain managers at healthcare facilities are no doubt eyeing their budgets.
Every second counts when you're working in a hospital operating room. Mark Antoszyk, head nurse anesthetist at Carolinas Medical Center NorthEast, was concerned that his hospital was wasting far too many of these seconds manually capturing charges for medication used.
Small physicians practices should look to their EHRs for ways to fatten up the bottom line, according to one healthcare solutions expert.
There are plenty of unknowns concerning the financial aspects of ICD-10. Transitioning to the new codes could be a disaster for some providers. However, those who take into careful consideration their current clinical documentation and coding shortfalls and adjust them for ICD-10 specificity could see an entirely different outcome.
Last month, Capsite, a healthcare technology research and advisory firm, released their most recent study in a series of strategic industry reports focused on the revenue cycle management market, the 2012 U.S. Revenue Cycle Management (RCM) study.
Telemedicine and mHealth have the potential to help the healthcare system meet the Institute of Healthcare Improvement's triple aim to simultaneously increase the quality of care, improve the health of populations and reduce the per capita cost of care.