Revenue Cycle Strategist: April 2019 Issue
Subscribers to Revenue Cycle Strategist may access the individual articles below. Patient Access Northwell Health Tackles Patient ID Matching BY LOLA BUTCHER Patient-identification-matching problems increase as the healthcare industry consolidates, but patient-matching solutions are available to reduce the backlog of duplicate records as an intensive effort by one health system proves. Coding Q&A Coding Denial Trends—How to…
Healthcare leaders should re-envision the revenue cycle as a driver of value
HFMA President and CEO Joseph J. Fifer explains why hospital and health system leaders should frame the revenue cycle as a value driver rather than as a cost center.
HFMA Survey: OP Data Capture
HFMA is seeking input on your hospital's ability to group/capture APC data. This information is crucial to the work of HFMA’s chargemaster taskforce and will help HFMA provide guidance to CMS on transparency initiatives.
HFMA Survey: Chargemaster Costing Capabilities
HFMA is gathering information to understand hospitals' costing capabilities at the inpatient discharge and outpatient visit/service level.
Analysis: Out-of-pocket costs increased faster than wages in 2018
The latest TransUnion Healthcare report shows a 12% increase in patient out-of-pocket costs while wages grew only 3%, proving the need for hospitals and health systems to engage patients in a discussion about their out-of-pocket responsibility.
Chargemaster reviews promote outpatient revenue integrity
We are experiencing increased denials and loss of revenue as a result of chargemaster issues related to outpatient services coding. What steps can we take to identify the issues and clean up the chargemaster?
8 KPIs for measuring Medicaid eligibility and advocacy
A regular KPI review process will allow revenue cycle leaders to identify problems and develop a plan for remediation.
Positive patient experiences lead to timely payments
The shifting healthcare landscape is turning more patients into payers.
How Texas Health Resources improved patient access and preservice revenue
The health system uses a centralized preservice financial clearance department and automated dialers to contact 98 percent of scheduled patients before they receive services.
Using artificial intelligence to improve revenue cycle operations
In God we trust; all others must bring data — W. Edwards Deming The ability to use the data aggregated throughout the revenue cycle is critical to proactive issue resolution, project prioritization, estimation of financial impact of revenue cycle initiatives and forecasting. However, data analysis at each stage of the revenue cycle is dependent on…