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Healthcare organizations that have maximized the value of revenue cycle management can find additional ways to reduce costs and enhance efficiencies by looking at one of the biggest items on the balance sheet: real estate. Efficiencies in facility operations can improve profitability and enhance patient care, the core mission of the provider.
Many think of the contract management group as playing an administrative role within any organization. However, a structured and efficient contract management process can serve as the backbone to other processes such as business development and financial management. An effective contract management process is now essential to building an organization’s corporate strategy and ultimate vision. Organizations that have a successful process in place have a clear competitive advantage over others that do not.
As a full-time consumer and part-time conspiracy theorist, I’ve often wondered how meaningful an FDA approval really is. How much trust can I place in their endorsement of the products I buy and the foods I eat?
A three-judge federal court in Boston rejected the state of Maine's request for an expedited review of its Medicaid waiver application, Thursday, saying "the facts do no warrant" the need for a fast review.
Just when it seemed the presidential political debate surrounding healthcare would simply be whether to repeal or preserve the Affordable Care Act, Mitt Romney brought Paul Ryan into the mix as his pick for VP.
The use of generic prescription drugs has risen to a current rate of $1 billion every other day, saving the U.S. healthcare system more than $1 trillion over the last 10 years (2002-2011), according to a report released Aug. 2 by the Generic Pharmaceutical Association (GPhA).
The Massachusetts Legislature passed the next phase of its ongoing attempt to reform the healthcare system: sweeping cost control legislation. Gov. Deval Patrick, a Democrat, hailed the lawmakers' work saying, "This is more than a good bill, a great bill."
When the Centers for Medicare & Medicaid announced a one-year delay for ICD-10 implementation in February 2012 – pushing the date back to Oct. 1, 2014 – some industry groups cheered, others jeered. What did CFOs do? The smart ones kept their focus and pushed forward with their implementation plans and schedules.
In late July the U.S. Department of Health and Human Services announced an unprecedented partnership between the federal government, state officials, private health insurer organizations and a number of other anti-fraud groups focused on preventing healthcare fraud.
Just over a decade ago, members of Arkansas Children's Hospital's management decided to go to Disney World. It wasn't a fun-and-games trip, although fun was had. They went to learn about developing a culture that would support everyone working at the hospital and everyone using hospital services. Arkansas Children's was ahead of trend recently taking hold in the healthcare industry: valuing customer service.