Revenue Cycle Management
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.
A Practice may be small or large, but its challenges are essentially the same: get patients in the door, establish a clinical record, ensure smooth billing and receive prompt payment. As direct as the process looks on paper, every step has its own pitfalls, and each warrants close attention.
The CHRISTUS Santa Rosa Health System, a five-hospital health system based in San Antonio, Texas, is implementing what it calls a “unique” revenue cycle management model.
The Yale New Haven Health System has announced plans to automate the extraction of data from invoices throughout its three healthcare delivery networks.
Healthcare in the United States is becoming increasingly unaffordable, and one of the contributing factors may be the high salaries earned by healthcare employees.
A developer of software solutions designed to help hospitals manage their revenue cycle operations is turning its attention to the consumer with the release of a self-service kiosk.
Through focused attention to the revenue cycle, healthcare organizations can add 2 percent to 4 percent to their bottom lines, according to an expert in hospital business planning.
The Baylor Health Care System, based in Dallas, has selected a vendor to manage the automated processing of nearly 300,000 invoices per year across its 12-hospital system.
Hopefully hospitals have been taking advantage of the slow CMS RAC audit implementation process to make their hospitals RAC-ready. Billing compliance and audit preparedness for claims reviews should be a permanent part of your facility's DNA.
Jordan Hospital, a not-for-profit hospital in Plymouth, Mass., has installed a new denials management tool and is now using a complete revenue cycle product suite in its business office.