Claims Processing
While Connecticut's 2014-2015 budget has yet to be finalized, hospitals and healthcare systems in the state are claiming that Gov. Dannel P. Malloy's proposed cuts of more than $500 million in hospital funding over the next two years would be devastating.
As the ICD-10 deadline looms closer, many healthcare organizations are still trying to come up with the most effective communications, collaboration and testing strategies to assure implementation of the diagnostic and procedural code set change. It is important to understand how cash flow is impacted and where and how to manage other resources.
By 2014, the core operating rules will likely have a major effect on reimbursement and revenue cycle processes and, as a result, payments, according to speakers who represented the payer, provider and banking perspectives at a Tuesday session titled "The Business Side of Care" during the 2013 HIMSS Annual Conference & Exhibition.
As President Barack Obama takes his budget and deficit-reduction proposals to Congress and the public, the Department of Health and Human Services has unveiled its proposed budget for the 2014 fiscal year.
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.
The Medicare Payment Advisory Commission (MedPAC) on Friday debated how to change the payment method for chronically critically ill patients in acute care and long-term care hospitals so they are more accurate and based on patient needs.
According to a recent study published in the American Journal of Managed Care (AJMC), researchers from America's Health Insurance Plans (AHIP) found that from 2008 to 2010 inpatient hospital prices increased by 8.2 percent each year with a wide variation in price levels and growth rates from state to state.
Providers will drive the overhaul of the health system when they focus on the value of their care delivery to produce measurably better outcomes for patients.
Any patient will tell you that a good bedside manner is just as important as solid medical credentials. As far as Dr. Hubert Fu is concerned, that extends as much to the practice of debt collection as it does to the practice of medicine and that's why he started Debt M.D.
Even though 2 percent reductions are scheduled to hit Medicare payments due to sequestration cuts beginning on April 1, a recent Standard & Poor's (S&P) report said the futures outlook for for-profit hospitals is stable.