Revenue Cycle Management
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.
As the ICD-10 transition looms closer, one of the greatest common problems healthcare facilities are going to face will lie with unpaid or inaccurate billing that could end up being quite costly for both the patient and the business itself.
As recent studies have shown, health systems across the country are increasing their IT spending in the next five years or so. Given that, it is imperative that chief information officers and chief financial officers partner to create strategic budgets said a CIO and CFO during an education session Tuesday at HFMA's national conference in Las Vegas.
In its June 2012 report to Congress, the Medicare Payment Advisory Commission (MedPAC) focused on three areas: Medicare benefit design, care coordination for fee-for-service (FFS) Medicare and care coordination for those dually-eligible for Medicare and Medicaid.
Sentara Healthcare decreased weekly eligibility-related denials by 7 percent and reduced incorrect insurance denials by 16 percent, reducing write-offs by roughly $1 million over a five-month period. Andy Weddle, vice president of revenue cycle at Sentara Healthcare, and Ed Caldwell, senior vice president of revenue cycle services at Emdeon, will lead a 7 a.m. early riser session, "Sentara Healthcare: Using Technology and Professional Services to Efficiently Manage Uncompensated Care," on Wednesday, June 27 and discussed the success story with Healthcare Finance News Editor Rene Letourneau.
According to a recent industry survey by business intelligence and revenue cycle software provider Craneware, more than 60 percent of hospital executives believe effective revenue integrity programs are essential to the financial health of their organizations.
A California company known for creating an electronic health record platform for the iPad is adding payment processing and insurance eligibility tools.
Healthcare spending in the United States is expected to grow at a historically low rate of 7.5 percent next year, according to the annual "Behind the Numbers" report on medical cost trends, published Thursday by the Health Research Institute (HRI) of PwC U.S.
The National Association for Home Care & Hospice (NAHC) and the Home Care & Hospice Financial Managers Association (HHFMA) have released the home care and hospice industry's first uniform chart of accounts in an effort to create financial reporting uniformity for the industry.