Revenue Cycle Management
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.
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.