Revenue Cycle Management
In a report released last week, the Commonwealth Fund Commission on a High Performance Health System describes a set of three healthcare policies that could slow health spending by $2 trillion over 10 years by focusing on the way public and private purchasers pay for healthcare, enhancing consumers' choices of higher-value care and streamlining administrative procedures.
Many doctors may feel they are covered by the disability insurance they purchase, but that might not be the case and they may find themselves in a world of hurt. Some insurance industry experts are warning doctors to pay attention to the definition of disability in their policies.
In Reducing surgical complications: How to make it happen faster, I contrasted the way a hospital gets paid for rework with what happens in a manufacturing environment.
Today’s environment for self pay collections is increasingly challenging. The complexities of an expanding self pay population and the intricacies of navigating the regulatory landscape of healthcare A/R management require providers to maximize cash collections and maintain a positive patient experience.
Business intelligence tools are often touted as business must-haves, but many small medical practices and other small healthcare companies worry about the cost of such tools. BI experts and users say there are affordable options out there.
Becoming an accountable care organization (ACO) requires healthcare organizations to approach the revenue cycle with an entirely new mindset.
Current economic conditions and the changing healthcare landscape present a host of challenges to both patients and healthcare providers.
Based on 2011 data analyzed by the Medical Group Management Association (MGMA), total operating costs per full-time equivalent (FTE) physician rose a modest 1.27 percent since 2010. Hospital/IDS-owned multispecialty medical practices saw more of a cost jump over the same measurement period, MGMA reported, an increase of 6.45 percent.
Bundled payment and payment reform in general are hot topics in healthcare circles, and will prove to be a challenge for many. Jay Sultan, thought leader for payment reform at TriZetto, a healthcare management solutions company, shared with Healthcare Finance News five key ideas for hospital leaders to consider in order to break barriers to successfully implement payment reform at their organizations.
Medical real estate has been called a recession resistant industry and compared to commercial real estate, is faring better, especially in terms of vacancies.