Billing and Collections
Most providers are tracking patient leakage in-house through their EHRs, but many aren't fully satisfied with the results.
There is growing concern about how much value the rule really provides for patients and the potential perception problem it creates for hospitals.
Some providers see nine percent of their claims denied, and with each costing as much as $118, better processes can help realize cost savings.
Close to 60 percent of responding executives say their organizations have processes and structures in place to achieve cost transformation goals.
Making patient financial responsibility clear from the get-go is an imperative for providers trying to avoid no-pays and consumer dissatisfaction.
When asked, 86 percent said insurance companies are "very" or "somewhat" responsible, while 82 percent said hospitals were "very" or "somewhat" responsible.
Mosaic just started the third year of a five-year plan, and is already seeing improved collections and revenue en route to a projected $9 million ROI.
Among the lesser-known benefits of telehealth are its abilities to help hospitals strengthen a provider's billing and payment collections.
Consumers who rely on short-term plans for an extended period could face high medical bills when their care isn't covered, AHIP says.
Bad debt exceeds $10 million at a third of healthcare organizations and leaders lack confidence about how much is recoverable, according to a new study.