David Johnson: Rewiring healthcare’s smartest professionals (Hint: It’s not physicians)
I won’t keep you in suspense. Healthcare’s smartest professionals are the tens of thousands of individuals who populate its revenue cycle operations. Revenue cycle professionals determine how much payers fork out and how much providers receive for healthcare treatments. They constitute the beating heart of the nation’s transactional healthcare system. Their ingenuity knows no bounds.…
Reeling hospital industry shouldn’t anticipate a turnaround anytime soon
Amid persistent financial and operational turbulence for hospitals, it appears unrealistic to expect significant improvement in the near future.
Pandemic brought increases in the number of patients leaving the ED without being seen
Deferred care appeared to become more widespread in the emergency department amid the COVID-19 pandemic, according to a study.
Revenue Cycle Operations Research Summary Report
HFMA, with sponsorship by Currance, surveyed 110 healthcare CFOs and revenue cycle, finance and accounting executives to understand how satisfied healthcare providers are with their current revenue cycle operations, and what they find most valuable.
No Surprises Act regulations remain a moving target for compliance
Amid all the rules stemming from the No Surprises Act, a looming mandate for providers to send cost estimates to health plans looks like the biggest stress inducer.
Healthcare News of Note: The Walmart Healthcare Research Institute could bring more diversity to medical research
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Walmart launches a new healthcare research institute, people with more chronic disease are more likely to suffer adverse financial outcomes, and one-third of Black Californians say they have experienced racism by a healthcare provider.
Healthcare News of Note: The nation could see an alarming nurse shortage by 2025
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Even fewer nurses are available to fill jobs as travel nurses leave the profession, most telemedicine visit diagnoses in certain specialties match in-person visit conclusions, and long-COVID-19 may be partially to blame for the U.S. labor shortage.
Revenue cycle staff shortages push leaders to adapt quickly
The pandemic-driven workforce shortage is leading to significant changes in revenue cycle management operations at many hospitals and health systems.
Healthcare News of Note: Even many people with ‘good’ health insurance incur medical debt
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: 20% of U.S. households have medical debt, regulatory issues are delaying completion of a proposed not-for-profit health system mega-merger, and racial and ethnic disparities are seen in drug overdose deaths.
International member spotlight: Raghu Bemmanakodan shares his passion for his revenue cycle work and leadership role
Raghu Bemmanakodan, billing recovery manager, says the biggest impact of revenue cycle management education on the day-to-day operations at Sheikh Shakhbout Medical City, Abu Dhabi, is a new understanding of the workflow between various health system departments.