Data Integration Challenges Prevalent with Outside Vendors
Today’s revenue cycle increasingly relies on external business partners to process payments. Unfortunately, passing accounts back and forth from the business office to outsourced vendors brings data integration challenges. Often, reconciliation issues occur when the same account is in multiple locations such as with the hospital and the outsourced vendor. This breakdown in inventory integrity…
Bridging the gap between finance and clinical data
A Mount Sinai emergency department physician’s work with data analytics demonstrates how bringing together clinical and revenue cycle information can bridge gaps and solve payment problems.
Operational Decision Points for Legacy A/R Conversions
Timely decision making and partnering with the right vendor can provide a smooth legacy A/R conversion and be the difference between success or failure.
Avoiding Costly Gaps Amid System Conversions
Learn why it takes time and adequate planning to ensure a seamless conversion of an accounts receivable legacy system.
Around the World in 40 Weeks: Maternity Care Outside the U.S.
Olakunle Olaniyan, MD, MBA, FHFMA, president of Case Management Covenants, discusses what the United States can learn from other countries when it comes to maternity care. Also: an interview with Matt Houston of GHX about adoption of automated payment processes and five fast facts about hospital mergers and acquisitions. Sponsored by GHX.
Practical tips for maintaining control over the revenue cycle
As evolving market trends shape healthcare payment, providers continue to face real-world, day-to-day challenges that contribute to unpaid claims, unnecessary denials, workflow inefficiencies, and rework. By implementing the recommendations outlined here, providers can obtain the necessary visibility and control over their claims payment processes that can help them not only sustain a healthy revenue cycle,…
Digital Initiative at Meadows Health Improves Patient Communication and Reduces Errors
Use of patient engagement technology, such as check-in kiosks can streamline the registration process, improve patient satisfaction, and increase revenue.
Avoiding Costly Gaps Amid System Conversion
Experienced hospital executives know that amid the various pressures system conversions entail, attention should be paid to A/R strategies. In worst-case scenarios, careless legacy strategies can lead to costly A/R backlogs and related claims denials, all leading to disruptions in performance and worse—a hit on cash reserves.
Increasing Patient Financial Engagement with a Revenue Cycle Management Overhaul
Atrium Health saw a 52 percent increase in new patient-payment-plan accounts and flexible patient payment plan opt-ins after it reevaluated its entire financial strategy and restructured its financial flow, all in the middle of its RCM system installation.
hfm Magazine: March 2019
The March 2019 edition of hfm explores people and culture in healthcare finance, focusing on performance improvement, academic-community relationships, and care delivery.