How has price transparency impacted the hospital industry?
A recent survey of healthcare organizations on price transparency indicates posting prices online has had little positive or negative impact on most hospitals.
In the wake of recent news, providers should examine their patient collection practices to avoid pitfalls
Best practices can help healthcare providers avoid some of the pitfalls of trying to collect on patient debt.
Top revenue cycle challenges and opportunities
Important learnings from a September 2019 HFMA study about the impact of EHRs, consumer self-pay and IT budgets on revenue cycle operations.
Pursuing revenue cycle innovation
A roundtable of healthcare financial leaders explores strategies for optimizing the revenue cycle to reduce cost-to-collect, limit revenue leakage and meet patient and payer expectations.
Revenue cycle technology trends
The results of a September 2019 HFMA study about revenue cycle challenges and opportunities and how hospitals and health systems are addressing them.
Consumer-oriented services necessary for healthcare providers to maintain patient loyalty
Convenience factors, including easy-to-use payment options, have a significant impact on patients’ loyalty to healthcare providers.
Holliday & Associates: Comprehensive Charge Management Software
A charge management company discusses how it helps clients successfully manage charge processes, comply with changing coding and regulatory requirements, eliminate charge-related compliance risks and ensure accurate and appropriate reimbursement.
How an Iowa hospital earned 2 MAP Awards for excellence in revenue cycle performance
Henry County Health Center, a critical access hospital in Mount Pleasant, Iowa, has earned two MAP Awards and made noticeable strides toward financial transparency.
Finding our way to meaningful price transparency
Healthcare organizations have the technology to deliver meaningful transparency to patients, including out-of-pocket estimates prior to service and clear, understandable patient statements.
2018 patient out-of-pocket costs increase 12%
A recent analysis found that about 59% of patients in 2018 had an average out-of-pocket expense between $501 and $1,000 during a healthcare visit. This was a dramatic increase from 39% in 2017.