How revenue cycle teams can maintain effective patient financial services in a distanced world
Amid the challenging times of COVD-19, it is critical for revenue cycle leaders to educate themselves about best practices either created or refined during the pandemic to effectively promote patient financial engagement in today’s world of social distancing.
How Scripps Health used demand modeling to prepare for the pandemic’s uncertainties
Two executives from San Diego-based Scripps Heath discuss how the health system has employed emerging demand modeling techniques to realize the full power of rolling forecasting during the unprecedented times of the COVID-19 pandemic.
Healthcare’s financial recovery after COVID-19 depends on data and evidence
One of the greatest cost-savings opportunities for hospitals and health systems lies in controlling variation in costs for surgical procedures, a key area of focus for such an effort is the supply costs for such procedures.
Health system leaders share top approaches for success under value-based payment
Three health system executives discuss the key factors that have contributed to their organizations’ long-standing success with value-based payment models.
Rising risk due to COVID-19 requires a nimble response from health systems
The factors that define risk in healthcare have markedly changed with the pandemic, creating a need for healthcare executives to evaluate and update existing strategies and operations to address emerging areas of risk that previously had not commanded their attention.
Financial Sustainability Report: February 2021
The February Financial Sustainability Report, sponsored by Kaufman Hall, explores emerging issues pertaining to physicians, including physician compensation and payment for services. It also includes insight into the impact of denials on value-based payment.
Denials management: An underrated tool for optimizing value-based revenue
Effective denials management not only supports a strong revenue stream under existing fee-for-service payment models, but also is a key tool for managing the full range of value-based payment contracts.
iVita Financial: Reducing bad debt while improving the patient financial experience
Gain insight into a program that improves patient collections, accelerating cash flow and shrinking bad debt, while boosting patient satisfaction and enabling a more patient-centric service experience in this business profile.
Healthcare leaders grapple with deferred care crisis
A survey investigated the impacts of the deferrals of elective procedures by hospitals and health systems in the first months of the COVID-19 pandemic.
Front-line stories: How today’s prior authorization processes create a burden of waste for providers
As hospitals continue to struggle with razor-thin margins, they should actively identify activities that create financial burdens for them without delivering value to patients. One health system’s stories of administrative waste due to prior authorization processes show why this activity should be be high on their list.