Billing and Collections
One of the biggest challenges hospitals face is getting paid. There's a long list of headaches contributing to a very challenging landscape in the medical billing world. Michele Hilton, general manager of medical billing services, ADP AdvancedMD, offers a little painkiller cocktail to preemptively strike against the headaches of medical billing.
Implementing a self-pay revenue cycle strategy is probably one of the biggest challenges facing hospital financial executives. As healthcare providers are more focused than ever before on increasing revenue, this issue has become that much more important to a successful overall revenue cycle strategy.
Participation in a national hospital project has shown one small Maine hospital the importance of business intelligence tools as it adapts to a value-based business model.
Bruce Greenstein, secretary of the Louisiana Department of Health and Hospitals will step down amid state and federal investigations into a $185 million Medicaid contract awarded to a company where he briefly worked.
A report released last month by the Office of Inspector General found that about one-third of skilled nursing facilities chosen from a random sample were not meeting some of the requirements for Medicare funding.
Emergency medicine has been plagued in recent years with problems like physician shortages and diversion, or turning away ambulances because of overcrowding. One solution being used in many areas to reduce congestion and cut costs is the employment of nurse practitioners.
Concerns are emerging that the adoption of electronic health records is leading to inappropriate increases in billings to payers, including Medicare, and that these higher billings could undermine or even overwhelm any cost savings generated by the digitization of providers.
Medical device manufacturers are shifting the cost of the 2.3 percent device tax, which went into effect on Jan. 1 as part of the Affordable Care Act, to hospitals and other healthcare providers, the Healthcare Supply Chain Association alleged on Friday.
We recently penned a post, "Should You Outsource Your Medical Billing," which compared outsourcing the revenue cycle management process to managing that function in-house with medical billing systems. Assuming you go for the former option - outsourcing - this post will help you make the right choice of medical billing service companies.