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.
Capturing All Charges: the Operational Reality
Cathy Smith of The Claro Group writes that healthcare organizations should strive for an effective, holistic charge capture approach that covers both processes and tools.
Revenue Cycle Strategist September 2019
HFMA's Revenue Cycle Strategist newsletter's September 2019 issue includes articles on price transparency, revenue cycle digital transformation, chargemaster, revenue integrity and rising patient out-of-pocket costs.
Revenue integrity — minding the gaps between clinical operations, coding and billing
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.
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.
8 tips to identify potential issues with the chargemaster
Reviewing billing edits and claim denials, as well as scheduling quarterly chargemaster reviews can help healthcare providers proactively identify potential challenges.
Making price transparency easy for patients
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.
Analysis: Groupon for healthcare services fills a void for consumer-focused pricing
It should be no surprise to U.S. healthcare providers that Groupons are available for healthcare services given the high cost of healthcare and lack of price transparency.
The Hospital Impact of the “Public Charge” Immigrant Rule
Rich Daly and Chad Mulvany discuss the impact of the "public charge" rule on hospitals. Jim Zadoorian of ARXchange talks about a new approach to price transparency. Also, Strata Decision Technology provides five ways healthcare organizations can prepare for the future with strategic planning.
How providers should adapt to the demands of a consumer-driven healthcare system
Insights during a 2019 HFMA Annual Conference cohort revealed various approaches that providers can use to meet the increasingly urgent challenge of improving the patient experience.