Revenue Cycle Management
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.
The Healthcare Financial Management Association (HFMA) announced Friday this year's winners of the MAP Award for High Performance in Revenue Cycle. Seventeen organizations received the honor.
Conifer Health Solutions, a subsidiary of Tenet Healthcare Corp., announced yesterday a 10-year revenue cycle management deal for 56 Catholic Health Initiatives (CHI) hospitals that will also see CHI acquire a minority stake in Conifer.
As the healthcare industry continues to move in the direction of using compensation incentives, a new analysis reveals that incentives as currently used are not an effective motivator for healthcare professionals and waste an estimated $20 billion in resources.
With the federal government making big changes to the way healthcare providers are reimbursed for services through programs such as Medicare and Medicaid, many organizations are considering all their strategic options for how to best prepare to take the hit to the bottom line.
With the pressure to increase net income intensifying, hospitals are finding new urgency in the old saying, “every dollar counts.” No longer can health systems focus their efforts solely on optimizing their largest sources of revenue and cost. Attention has now shifted to much smaller dollar amounts. One area to consider for opportunities for revenue enhancement and cost reduction is during physician practice acquisitions.
With the future of the health reform law in the hands of the U.S. Supreme Court, a majority of hospitals and health systems are anticipating a drop in revenue as a result of the Affordable Care Act (ACA).