Billing and Collections
New payment models and technology in healthcare are bringing big changes to the hospital controller job as "following the money" has become more complicated than ever.
Advocates are grilling healthcare providers over the prices they charge patients for electronic or printed medical records, claiming some fees may even go as far as to violate HIPAA rules.
Population-based payments will make the new year interesting for those working in hospital revenue cycle. Add in the uncertainty surrounding ICD-10 implementation and financial managers have much to focus on in 2015.
Join Healthcare Finance for an online roundtable discussion with industry experts about patient engagement challenges and strategies for finance and revenue cycle teams.
A healthy revenue cycle is something for which every business strives, but it is especially important for healthcare organizations in the current industry environment, due to declining reimbursements, shrinking margins and evolving payment models.
Under the regulations, charitable hospitals have to perform a community health needs assessment at least once every three years, and disclose the programs addressing those needs in annual tax forms with the IRS.
If electronic funds transfer via ACH saves healthcare organizations' money and allows staff to focus on secondary billing and improve cash flow, why haven't more providers moved from check payments to EFT via ACH?
When Healthcare Finance last year asked experts to name the top industry trends, they selected insurance exchanges, mergers and acquisitions, new payment models, and technology. Things don't look much different in 2015.
ICD-10 testing will be a valuable step in the ICD-10 transition but it will be more complicated than sending medical claims to healthcare payers and asking, "How's that?"
The bonus boosted pay rates for primary care doctors who saw Medicaid patients to the same level as they are paid by Medicare.