The Next Generation of Budgeting for Healthcare
For some healthcare providers, a combined budgeting approach using advanced statistical forecasting techniques in conjunction with a rolling budget process provides an optimum balance between traditional budgeting techniques and future forecasting methodologies.
6 Steps for Effective Use of Peer Comparisons and Analytics
Peer comparisons help hospitals recognize that performance improvement opportunities exist and give them evidence that their peers are executing on those opportunities. With that information, leadership teams are motivated to pursue targeted corrective actions.
4 Things to Consider Before Signing That Lease
Tax liabilities, subleasing, permitted uses, and even HIPAA need to be considered when preparing healthcare facility leases.
CFOs Play a Key Role in Cybersecurity Planning
“As part of the overall leadership team, the CFO should be asking tech leadership for a cost/risk reduction analysis for each technological expenditure requested to remedy identified vulnerabilities and gaps,” says John Riggi of AHA.
The Blurring Boundaries of Elder Care: Implications for Providers and Patients
Healthcare providers are planning to invest in home health, palliative and end-of-life care, and geriatric caretakers in the coming years.
Revenue Cycle Strategist: December 2018/January 2019 Issue
Subscribers can view the December 2018/January 2019 issue of Revenue Cycle Strategist.
Your To-Do List When Health Plan Contracts Change
Six steps can help revenue cycle leaders manage health plan changes effectively.
Cost Estimates Encourage Timely Payment, Loyalty
Providing cost estimates facilitates financial transparency and encourages timely payment. As an added benefit, nearly 70 percent of patients say if they received a cost estimate, they’d be more likely to recommend the organization to a friend.
Using Lean Six Sigma to Improve Healthcare Business Processes
One health system improved its billing accuracy rate from 72 percent to 90 percent by using Lean concepts, Kaizen, and Gemba walks.
Taking the Next Step with HCCs
What is a logical next step to advance our hierarchical condition category (HCC) codes program from Medicare Advantage plans to commercial health plans?