Coronavirus’s impact on the U.S. economy calls for hospitals to increase financial counseling and review financial assistance and accounts resolution policies
The coronavirus pandemic's impact on the U.S. economy requires hospitals to increase financial counseling and review financial assistance and accounts resolution policies.
U.S. hospitals could face operating cost, revenue and uncompensated care issues due to the new coronavirus outbreak
HFMA's Chad Mulvany says despite the additional federal funding and moves by some states to help with testing and treatment for COVID-19, hospitals should anticipate increased operational costs and uncompensated care expenses.
Perspective matters when it comes to media scrutiny of health system collection practices
HFMA’s Chad Mulvany says 31,000 lawsuits may seem like a lot but adjusted to an annual basis and the population of the study’s geographic area, the actual number is much smaller than one would expect.
Not-for-profit hospital status coming under increasing scrutiny
Despite tax-exempt hospitals providing $95 billion in total benefits to their communities in 2016 alone, it's anticipated that hospitals' tax-exempt status will see additional scrutiny.
Revenue Cycle Strategist December 2019
The December 2019 issue of Revenue Cycle Strategist features articles on building a chargemaster, new coding changes for 2020, revenue integrity, evaluating and management charges and patient financing.
OPPS final rule keeps site-neutral payments and 340B cuts; finalizes transparency requirements separately
The controversial major hospital payment cuts in the Outpatient Prospective Payment System (OPPS) final rule were retained from the proposed rule even though hospitals successfully have challenged them in federal court.
E/M coding changes require education and technology updates
In 2021, major evaluation and management code changes will be implemented for new and established patient office visits.
5 new code changes focus on new medical technologies
The 2020 ICD-10 updates not as significant as expected but there are new codes for new medical devices and related procedures.
Defining revenue integrity KPIs
A strong revenue integrity program can help revenue cycle departments preserve the margins that further the mission of delivering high-quality healthcare.
Strategies for positive impact on revenue integrity
Revenue integrity requires proper staffing and bring activities to the front end of the revenue cycle.