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MAP App is a web-based application that helps organizations improve revenue cycle performance based on industry-standard metrics called MAP Keys.
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Transformation toward value-based healthcare is reshaping the delivery of care, patient expectations, and payment structures.
Improve your revenue cycle performance through standard metrics, peer comparison, and successful practices.
Without accounting for patient severity, hospital expenses and patient revenues decreased between the second quarters of 2010 and 2011.
Acute care discharges fell again in 2011, for hospitals overall and for most of the hospital groups.
Measuring gross revenue is becoming increasing less reliable as an indication of how well hospitals are doing in their revenue cycle management activities.
Deciding in favor of hospitals, the U.S. District Court ordered HHS to recalculate how Medicare Advantage days are included in Medicare DSH payments—which means many hospitals will be seeing additional DSH revenues.
Not using proven translation tools to determine the impact of ICD-10 conversion can sway the estimation of reimbursement impact by a factor of 50, causing unnecessary fears over potential revenue losses.
Forum sponsor Kaufman, Hall & Associates discusses how to strategically plan to ensure a hospital's long-term financial sustainability.
When comparing a hospital's labor productivity with that of peer hospitals, finance leaders should keep in mind some limitations of the most widely used metrics.
A study looking at data adjusted for patient severity found that both revenues and expenses showed increases per adjusted discharge from the second quarter of 2010 through the second quarter of 2011.
What are the most important performance indicators for a new hospital or physician practice?
"Our managers needed a more up-to-date budget that could reflect changes in referral patterns, drug utilization, or costs occurring after development of the original budget,” says Karen Wartenberg at Moffit Cancer Care.
"Many rural providers believe they are operating within the coordinated Medical Home-type approach that promises to reduce healthcare costs. The findings of this analysis support that contention. "
Healthcare entities need to determine an appropriate accrual from their medical malpractice medical malpractice year-end adjustments to ensure adequate reserves in year-end financial statements.
Payment challenges, spiraling healthcare costs, and a slow economic recovery are some market forces that have ignited the national explosion of consolidation.
This spreadsheet allows finance leaders to see the potential DSH impact on two different urban, acute care hospitals with different payer mixes.
A review of an archive of state data from 2010 through 2012 shows that average LOS and charges are significantly below the same measures from the MedPAR data.
A county-owned and managed safety-net hospital developed a strategic plan that is driven, in part, by financial projections.
When assessing revenue cycle performance, the best approach is to narrow the focus to the key performance indicators that have the greatest potential impact on A/R and cash flow.
What metrics should hospitals use for business planning?
Evaluation and validation of return-on-investment (ROI) calculators designed for healthcare provider organizations is now available through the Peer Review program offered by the Healthcare Financial Management Association (HFMA).
How can we best measure our cost position and drive performance?
Continuing trends on deductions from hospital revenue and other data points indicate how challenging it will be for hospitals to achieve greater returns on revenue cycle initiatives.
Abiding by key dos and don’ts will position an organization to maximize the benefit of its internal benchmarking efforts.
What is the cost-to-collect benchmark if we include health information management in our indicator?
Finance leaders at UMass Memorial Medical Center share this contribution and total margin scorecard with service line leaders during quarterly actual-versus-budget analyses.
In this Business Profile, Bruce Haupt, president and CEO of ClearBalance, discusses how a patient loan program can increase patient collections, reduce bad debt, and speed cash flow.
In this Business Profile, Jerry Bruno, principal with Deloitte Consulting LLP, discusses the importance of choosing revenue cycle solutions that help an organization meet the challenges of a quickly evolving healthcare environment.
In this business profile, Lane Jackson, a partner in the Grant Thornton LLP Health Care Advisory Services practice, with extensive experience in overseeing system implementations and revenue cycle reorganizations, discusses best practices for elevating revenue cycle performance during an EMR implementation. Grant Thornton LLP is a sponsor of the Large System Controllers Council Affinity Group.
In this business profile, Amy Gross, senior vice president of Key Government Finance, discusses the benefits of private placement transactions to support large-scale financing projects.
In this business profile, Doug Polasky, executive vice president at Xtend Healthcare, explains the importance of having sound workflow processes in a consolidated business office to ensure optimal performance and reduce costs.
In this business profile, sponsored by SSI, Jay Colfer, vice president of sales and marketing, shares how patient access solutions are reversing the trend toward increased bad debt resulting from the rise in high-deductible consumer health plans.
In this business profile of Deloitte Consulting, Matthew Hitch and David Betts explore the potential benefits of elevating the customer experience and outline strategies to change service delivery.
TriMedx helps health systems control costs and uncover savings opportunities by optimizing the clinical engineering function.
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