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Hospitals faced with the complexities of matching patients with payment plans often maintain a stable of several collection agencies and teams, some in-house and some outsourced. Financial managers are then forced to choose the right agency for each account, while also ensuring that the data is correct.
The key to improving the cost of healthcare lies in making healthcare cost-effective. And Roy Schoenberg thinks he has solved that riddle.
AdvancedMD has announced the launch of a partner channel program designed to help qualified third-party medical billing companies as well as healthcare providers looking to outsource their billing operations.
The name of the game these days is value. Nowhere is that more evident than in the insurance industry, where health plans are struggling to determine their value in the midst of healthcare reform.
Increasing the health insurance industry's accuracy rating could save up to $15.5 billion annually, according to a recent report.
Healthcare Finance News Associate Editor Chelsey Ledue spoke with Darin Gordon, Medicaid Director for Tennessee, about his appointment as a 2011 Fellow to the Medicaid Leadership Institute.
Medicare has scheduled a bundled payment demonstration project for early 2012, but a handful of organizations across the country have launched the Acute Care Episode, or ACE, demonstration early.
To survive turbulent times, healthcare organizations must carefully manage their financial resources, says Ian Worden, executive vice president and chief operating officer of Indianapolis, Ind.-based St. Vincent Health.
Worden, speaking in June at the Healthcare Financial Management Association’s annual conference in Las Vegas, said healthcare institutions must look closely at days cash on hand and debt capacity when assessing resources.
The United States will be short more than 260,000 registered nurses by 2025 unless it expands nursing education capacity quickly and dramatically, according to a recent report by the Robert Wood Johnson Foundation.