Revenue Cycle Management
Poor communications, revenue cycle deficiencies held back point-of-service collections, director Scott Urlich says, and it needed to be fixed.
Meridian Health, a New Jersey-based nonprofit healthcare organization, has revamped its patient payer interface by partnering with Patientco, a patient revenue cycle technology company.
Navigant Consulting has acquired revenue cycle-focused McKinnis Consulting Services for $49 million in cash and $3 million in common stock, the companies announced on Monday.
The prices hospitals negotiate with private insurers vary considerably across geographies, according to a new study by the Health Care Pricing Project, driving huge variations in health care spending for the privately insured.
It's not about cost, but value, according to a panel of revenue cycle professionals who work in health systems that often charge more for care than other providers.
As patients face high deductibles, price is a major topic that's put pressure on healthcare providers to offer price transparency, even though what a hospital charges can be far different from what a patient actually owes after their insurance covers some of the costs.
St. Louis-based Ascension Health has tapped Accretive Health as its sole revenue cycle system provider, the nonprofit Catholic health system announced this week, under a new 10-year contract extension that includes the total revamp of its revenue cycle system.
The boundary between being a provider and a payer is blurring as hospitals face more risk, according to Joe Nichols of Health Data Consulting, prompting health systems to make changes to keep from losing too much money.
HIMSS and Healthcare Finance are accepting topic and speaker proposals for the Revenue Cycle Solutions Summit, February 29 in Las Vegas at HIMSS16 Annual Conference.
A host of healthcare providers, academics and technology vendors on Monday and Tuesday will discuss ways they are optimizing their revenue cycle processes to keep cash flow at a maximum while providing the best patient experience.