Billing and Collections
Identifying an individual's health plan sounds pretty straightforward. Most hospitals have an eligibility system to verify a patient's coverage for a specific set of services from specific insurance companies. But as coverage expands and gets more complex, so do the pressures on hospitals.
Like all businesses offering a service, hospitals need to get paid. However, getting paid can be a costly proposition. Kyle Fetter points out four areas hospitals need to watch in order to control the costs related to billing.
Many healthcare organizations are realizing that in less than nine months, ICD-10 will be upon them. Healthcare Finance News talked to some industry experts to find out where organizations are in the run up to Oct. 1.
The ACA has ushered in a whole new world for back-office management at behavioral health centers.
The confusion caused by patient billing documents impacts providers' ability to collect on patient bills, so some providers are trying to simplify billing for patients in an effort to increase their debt recovery.