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With revenue cycle staff in big demand, healthcare providers are scrambling to find candidates with this specialized type of experience before initiatives like ICD-10 and value-based payments put too much pressure on cash flow.
Newport's platform is already being used in LIJ's Lenox Hill Hospital, but under the deal it would also be installed at other LIJ facilities.
Two major deals that would result in top commercial insurance companies merging into their competitors has roiled the leadership of the American Hospital Association.
The last and perhaps most controversial piece of health reform's universal coverage has many miles to go in terms of financial sustainability. But there are signs of progress.
With Anthem set to buy Cigna and Aetna buying Humana, AHA executives sent a letter last week to the Department of Justice's antitrust division over concerns that consolidation among those largest payers could spell disaster for competition.
Providers should use outcomes-based evidence to drive decisions about what they will continue to offer and what they won't, experts say.
Successful boards spent more meeting time discussing quality and performing and held more frequent performance reviews with middle management, according to Health Affairs study.
The site, ICD10Central.com, features key performance indicators including days to final bill, days to payment, denial rate and reimbursement rate for RelayHealth customers throughout the country.
On the financial side, revenue leakage can be caused by a number of factors, including late filings, missing authorizations and inconsistent collection follow-up.
As hospitals acquire physician practices, administrators must be less "hospital centric" when it comes to setting benchmarks and reporting quality.