Providers implement automation and explore staffing options to streamline revenue cycle
In this roundtable, finance leaders discuss tactics they’ve used to implement automated tools and extend their workforce to reduce waste in their revenue cycle processes, aiming to improve patient experience and control costs.
MedPAC says 2023 hospital payments shouldn’t increase in response to COVID-19
CMS shouldn’t increase Medicare payments to hospitals for the upcoming year beyond the annual update that is based on current law, according to the Medicare Payment Advisory Commission.
How LifePoint Health revamped its revenue cycle
Executives for the non-urban focused health system wanted to get all of its hospitals using a single revenue cycle management approach.
Federal funding bill addresses 340B eligibility concerns but not some other points of interest for hospitals
An FY22 appropriations bill allows hospitals to remain in the 340B Drug Pricing Program if their eligibility had been adversely affected by the COVID-19 pandemic.
Revenue Cycle Insights: March 2022
Workforce shortages are affecting revenue cycle functions, and you can learn how executives from Spectrum Health and Stanford Health Care are limiting the damage in the lead story of March's Revenue Cycle Insights.
Understanding the Healthcare Revenue Cycle Process
Revenue cycle management is the process used by healthcare systems to track the revenue from patients, from their initial appointment or encounter with the healthcare system to their final payment of balance. The most effective revenue cycle teams focus on price transparency, supporting equitable access to care, financial conversations with patients, documentation of care received, claim processing, and medical account resolution.
Latest hospital financial and jobs data reflect an environment that remains challenging
January financial data for hospitals show the continuing toll of the COVID-19 pandemic, while February labor numbers suggest an operational recovery that could further increase expenses.
Medicare coverage updates include revised criteria for lung cancer screening and a code for a newly approved COVID-19 treatment
CMS in February amended its coverage requirements for lung cancer screening and issued a code for a new COVID-19 treatment.
Healthcare News of Note: Americans living in rural areas face an increased risk of death, in part due to issues with healthcare access, says a new infographic
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Issues with healthcare access contribute to an increased risk of death for rural residents, many workers struggle to pay for healthcare deductibles, and hospital and physician office markups on certain drugs escalate consumer costs.
An enhanced patient experience requires technology with a personal touch
A positive patient experience begins before the patient steps foot in a facility, followed by an efficient and accurate process every step of the way.