Analysis: Why it behooves hospitals to re-evaluate medical accounts receivable process | HFMA
As negative press about patient billing shows no sign of slowing down, hospitals and health systems should re-evaluate the way they engage patients to resolve medical accounts receivable.
Revenue Cycle Strategist October 2019
The October issue of Revenue Cycle Strategist features articles on medical debt, robotic process automation, consumerism, patient experience and denials management.
How to get a handle on Medicare bad debt
Medicare bad debt is a significant source of revenue leakage for hospitals and often is not adequately addressed.
Consumer-oriented services necessary for healthcare providers to maintain patient loyalty
Convenience factors, including easy-to-use payment options, have a significant impact on patients’ loyalty to healthcare providers.
Know your denials challenges before developing prevention strategies
Successful denial management and prevention strategies require the right mix of people capable of handling the process from beginning to end.
3 abilities every coder should possess
Coders need to understand billing expectations, how the billing process works and how the revenue cycle is affected.
Capturing All Charges: the Operational Reality
Cathy Smith of The Claro Group writes that healthcare organizations should strive for an effective, holistic charge capture approach that covers both processes and tools.
Revenue Cycle Strategist September 2019
HFMA's Revenue Cycle Strategist newsletter's September 2019 issue includes articles on price transparency, revenue cycle digital transformation, chargemaster, revenue integrity and rising patient out-of-pocket costs.
Revenue integrity — minding the gaps between clinical operations, coding and billing
In an industry where “no margin means no mission,” revenue integrity is emerging as a tool and an initiative to enhance margin and preserve the mission of health systems.
2018 patient out-of-pocket costs increase 12%
A recent analysis found that about 59% of patients in 2018 had an average out-of-pocket expense between $501 and $1,000 during a healthcare visit. This was a dramatic increase from 39% in 2017.