Greg Reid
The hospital chargemaster assumed a new role in 2013 – that of a villain in the story of the already high and growing costs of healthcare. But it may be a case of miscasting.
Put to rest any hopes that Recovery Audit Contractors, or RACs, will be going away anytime soon.
Balancing the myriad concerns of a hospital’s workforce is no easy task. Challenges aside, however, it’s a balance worth achieving not only for quality patient care and staff happiness, but because a well-managed workforce is critical to survival in a time of rapid change in U.S. healthcare.
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.
Between the federal deadline regarding electronic health records and the shift toward accountable care organizations, the call for interoperability of EHRs has never been louder. Patient information should be able to flow freely, the argument goes, between physician practices and hospitals across town and around the country.
While the Great Recession has ended, it’s anything but back to business-as-usual for strategic and financial planners in the healthcare industry. The Affordable Care Act and the shift from the traditional fee-for-service payment system to an innovative fee-for-value system is seeing to that.
How are the financial regulations associated with the Affordable Care Act changing the landscape of hospital business offices?
Your organization likely will experience a data breach of some kind. And when it does, people will want to know, what you were doing to prevent one, and how you are going to respond.
When it comes to improving your organization's patient flow, choosing the right tools is as important as developing the right plan.
Maria Conte is in favor of any tool that makes life at the office easier. Conte and her team of 20 manage the collection of nearly 100,000 active self-pay accounts per month across the eight facilities that comprise Adventist's Florida Hospital in and around Orlando, Fla.