John Andrews
Healthcare provider systems are enduring more financial challenges than ever with lower Medicare reimbursement on the horizon, accountable care organization and pay-for-performance initiatives. In essence, provider revenues are shrinking while costs are growing, so it makes sense that they are relying on group purchasing organizations more than ever.
With the flip of the calendar to 2012, the ICD-10 implementation deadline of Oct. 1, 2013, suddenly appears very closer.
As with any important process, the healthcare provider’s revenue cycle has a distinct beginning – in this case it is the patient’s initial encounter. And it is at this critical juncture that providers must do everything possible to ensure that all the financial details are in order.
A stubborn recession continues to put economic pressures on hospitals, governments and the public and they coalesce on the topic of how charity care affects tax exemptions.
Methodist of Southern California automates HR and payroll
Congress must act to extend financing options
The mid-September announcement from Atlanta-based MedAssets that it was acquiring The Broadlane Group for $850 million had the healthcare industry buzzing for several reasons.
Perhaps the biggest problem with antiquated claims processing methods is the wondering: Did the claim go through? Was it complete? Is there a hang-up somewhere? Where exactly is the claim? Will it be paid or will be it be rejected? All of these questions arise when the financial operations staff doesn't have a window into revenue cycle machinations.
As the Medicare Recovery Audit Contracting program begins in earnest, it has healthcare providers anxiously wondering...
When examining a hospital’s overhead costs with the purpose of making budget cuts, there is no getting around the labor factor. Because they take up the lion’s share of expenses, salaries are found in every nook and cranny of a facility.