Financial/Revenue Cycle Management
11:46 am May 06, 2014
Financial pressures intensify throughout the healthcare industry. To overcome these challenges and improve financial conditions, manufacturers and hospitals need to make new and fundamental changes in how they do business with each other as well as with other healthcare providers.
08:13 am April 18, 2014
For many years, healthcare providers have sought to rein in the skyrocketing costs of medical imaging procedures through prior authorization. But new computerized clinical decision support and predictive modeling technologies may prove to be more effective weapons in the battle to reduce costs and improve quality in medical imaging.
08:15 am March 27, 2014
Everyone has heard the saying "possession is 9/10ths of the law." But with meaningful use EHR incentive dollars for eligible providers, figuring out to whom the money belongs is not so simple.
01:12 pm March 10, 2014
For hospitals looking to protect their revenue streams, verifying compliance of financial connectivity software is a good way to start preparing for ICD-10 conversion. But preparation for a successful transition involves more -- including education, testing and process improvement. So, with seven months to go, here are six tips to help with the...
10:38 am February 20, 2014
Two recent studies have found that doctors know very little about cost. But that same research has also confirmed that, contrary to the popular narrative, doctors actually do care about cost.
08:59 am February 10, 2014
While risk-based contracts account for only a small percentage of the current reimbursement arrangements for hospitals, recent events indicate that payment based on outcomes and cost will dominate in the coming years. Most of those models will increase the financial risk for hospitals.
07:51 am February 06, 2014
To insure physicians were paid for services rendered, EHRs were architected to record episodic events with various codes for specific procedures. Sad thing is that today's crop of EHRs do not even do a very good job of that.
08:53 am January 15, 2014
Hospitals need to adopt a standardized way to not just calculate Hospital Value Based Purchasing scores, but also to incorporate the new types of data that are needed to track and report performance.
08:52 am November 05, 2013
Ding! Someone just pushed the wrong button for me. The question is in the handling of a bi-directional PHR, where the physician communicates with the patient, but the patient also has an opportunity to communicate with the physician.
10:19 am October 31, 2013
Three examples of how financial data can reduce patient payment risk and enhance profitability.