Revenue Cycle Management
With the remaining provisions of the Affordable Care Act (ACA) going into effect in less than a year, employers are trying to prepare for how the law will impact health plan enrollment and cost.
Payers and employers are demonstrating that wellness programs can curb increases in healthcare costs and improve workforce productivity as employees become more involved in their health. Health plans shared their programs and results during a session on Thursday at the 2013 AHIP Institute in Las Vegas.
In a world where traditional claims management practices no longer work, health plans must embrace new strategies to compete in a changing market, said experts Wednesday at the 2013 AHIP Institute.
Supply chain analytics can be quite the equation to solve for hospitals. Karen Conway, director for industry relations at Global Healthcare Exchange (GHX), a heathcare supply chain management company, talked to Healthcare Finance News to offer five measurements the healthcare industry needs to pay attention to while tracking supply chain analytics.
A TransUnion report released today finds that average patient out-of-pocket costs for healthcare have grown almost by 22 percent in a year.
Summa Health System and Catholic Health Partners are on the road to becoming accountable care organizations, and they're sharing what they've learned with attendees of the Healthcare Financial Management Association's ANI 2013 conference taking place next week in Orlando, Fla.
John Stanton, Vice President of Consulting at RemitDATA, discusses new advances in health IT as they apply to claims processing and revenue cycle management, as well as RAC audits, big data, cloud computing, and comparative analytics in billing.
A recent report by Frost & Sullivan found that the market for revenue cycle management applications and services will grow 61 percent between 2012 and 2017 ($1.9 billion to $3.07 billion), as hospitals upgrade platforms to address coming cuts in Medicare and Medicaid payments under the Affordable Care Act.
Ease of transition to ICD-10 by October 2014 and improved front-end transactions are high on the checklist for providers who are looking for ways to improve their revenue cycle management (RCM) process, according to experts. One way to tackle this is to have a well-rounded technology suite, they say, and vendors are stepping up to fill that role.
To keep bottom lines healthy, organizations are turning to a process called lean revenue cycle management. John Gallagher, account manager of Simpler Consulting, helps organizations utilize this efficient form of management, and shares with Healthcare Finance News tips for maximizing the process.