Read the following articles featured in the September 2019 issue of HFMA’s Revenue Cycle Strategist newsletter.
Download a PDF of the issue.
Price transparency
Making price transparency easy for patients
Rebecca A. Marsh and Kyle Sherseth
Proactive providers are preparing for additional price transparency requirements to ensure they not only comply with government regulations, but also provide patients with enough information to make informed healthcare decisions.
Innovation
How to prepare your revenue cycle and your employees for digital transformation
Prashant Karamchandani, Steve Wood and Travis Ish
Transitioning revenue cycle staff to digital processes should include integration of a strategic human workforce plan to manage employee anxiety about job redeployment and attrition.
Chargemaster
8 tips to identify chargemaster challenges
Reviewing billing edits and claim denials, as well as scheduling quarterly chargemaster reviews can help healthcare providers proactively identify potential challenges.
Charge capture
Revenue integrity — minding the gaps between clinical operations, coding and billing
From our Sponsor, Parallon
In an industry where “no margin means no mission,” revenue integrity is emerging as a tool and an initiative to enhance margin and preserve the mission of health systems.
Figure at a glance
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.