The revenue cycle is the lifeblood of any business, providing necessary means to sustain current operations as well as long-term viability. Although a healthy revenue cycle is something for which ...
Hospitals and health systems are under increasing pressure to improve the performance of their revenue cycle. Administrative teams are stretched thin, payer rules are growing more complex, and the ...
Ambulatory surgery centers (ASCs) have diverse processes to navigate, from front-end tasks such as collecting demographic information and verifying insurance, to coding and billing compliance in an ...
A new HFMA report diagnoses the healthcare industry as being in "serious condition," providing a link between declining national affordability and rising patient bad debt and collection costs facing ...
Health systems say getting paid can be a challenge. They must produce burdensome documentation for insurers that have ever-changing policies and process high volumes of claims. As a remedy, health ...
Ask a Revenue Cycle Leader is a new series featuring insights from health system and hospital revenue cycle executives nationwide. Becker’s poses questions on the most pressing issues in healthcare ...
Challenges pertaining to collecting patient payments is top of mind for revenue cycle leaders. And for good reason. Patients are taking on greater responsibility for their healthcare costs. Trends ...
More AI companies are producing tools to help automate the revenue cycle, one of the most expensive and complicated departments of a hospital. These tools have demonstrated promise in collections, but ...
The U.S. spends more on healthcare administration than other countries, according to a JAMA study. In fact, the estimated cost of waste accounts for approximately 25% of total healthcare spending.
Findings are based on a survey of 100 hospital financial and revenue cycle leaders across a diverse range of healthcare organizations. Independent research firm Hanover conducted fieldwork from July ...
It’s Not Just About Technology, It’s About Using Technology — and People and Processes — Wisely, explores how hospitals can take a more deliberate, enterprise-wide approach to revenue cycle ...
Insurance verification expansion helps healthcare practices address eligibility challenges before patient visits.
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