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…
Providers push arbitration approaches used in some state surprise-bill laws
What should Congress learn from states’ experiences with laws attempting to curtail surprise healthcare bills?
8 initiatives for overhauling the patient financial experience
Consumers increasingly expect healthcare organizations to provide the type of convenience and efficiency that they are accustomed to receiving from retail and other industry sectors. Moving from “the way it’s always been done” to a customer-centered financial operation requires a major overhaul of processes and protocols, as illustrated by the effort at Atlanta-based Piedmont Healthcare.…
How to improve patients’ payment experience, and health, by making it affordable
By creating a payment plan for patients that makes care more affordable to them, a healthcare provider can promote patients' health be making them less inclined to delay necessary care.
Inconsistent address data could delay Medicare payments
One health system found in its Medicare enrollment system that addresses were missing for new facilities. Another found addresses still listed for a demolished facility.
EHR-RCM replacement and retirement economics: Driving ROI through data archiving
When a hospital or health system upgrades or replaces a legacy electronic health record, an important consideration is how best to manage outstanding accounts receivable in the legacy system.
How to increase point-of-service collections
Processes to improve out-of-pocket estimates and request upfront payments significantly increased point-of-service collections.
Boosting Accountability Helps ProMedica Save $108 Million in 2018
Each year, leaders at ProMedica set a 3 percent cost-reduction goal, which they believe is achievable and still has a significant impact on the bottom line.
Don’t stop with primary collections: the value of a secondary bad debt placement strategy
The natural churn of primary collections is where so much revenue can get missed. It is within this dynamic that the value of secondary placements lies.
HFMA’s Annual Conference features revenue cycle sessions
In addition to addressing revenue cycle challenges and solutions, the conference offers customized cohort sessions and keynote speakers focused on innovation.