By Dave Frank (CEO, F2 Healthcare) & Laura Gillenwater (Senior Manager, HORNE LLP) Healthcare information technology has had a long run of standardization and continuous improvement. Companies like EPIC, Cerner, and Meditech coupled with niche bolt-ons have made their mark optimizing most parts of the revenue cycle through technology. Although there is still room [...]
Beth Jones, Director Revenue Cycle Solutions Project Manager Trilogy Revenue Cycle Solutions The struggle to manage denials is real. Most facilities do their best to keep up but are often overwhelmed about where to start. Create a Team Create a Denials Management Team with a defined leader, C-Suite executive support, leaders from each revenue [...]
Author: Dick Williams, ARS Partnership : “A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities”. Miriam Webster Dictionary Does the word “partnership” have a more important meaning today than ever in the world of recovering your past due accounts? In today’s highly [...]
By Kemberton | October 2021 With billions of dollars at stake due to uncompensated care, healthcare providers need to rethink patient eligibility and enrollment options in light of a growing uninsured and underinsured population. The number of Americans without health insurance continues to rise. According to the latest available data, 10.9% of non-elderly individuals in [...]
Author: Bert Pickard, Director HORNE Healthcare Hiring is tough. Under normal circumstances, it’s challenging to staff your facility with reliable and high-quality caregivers. Not only are executive and financial leaders managing significant labor shortages, they may also find themselves wading through a labor pool that still hasn’t settled in the wake of the COVID-19 pandemic. [...]
Angie Buckley, RHIT, CCS, CPC Coding Manager, Trilogy Revenue Cycle Solutions abuckley@trilogy-health.com 601-750-5390 It’s been over 5 years since the 10th Revision of the International Classifications of Diseases with Clinical Modification (ICD-10-CM) came into play in the United States on October 1, 2015. This standardized reporting of diagnosis codes remains a regulatory requirement [...]
Are you in need of a CFO or other financial director for your rural health system? Senior executives may not move on every day. But when they do leave, they're not easy to replace. Whether it's from within your organization or on the employment market, the best candidates rarely knock on your office door. They [...]
Hospital billing departments coordinate health plan benefits every day. Typically, coordination of benefits (COB) is aided by patient registration workflows that gather basic demographic and health insurance information. But what if a patient gets hurt on the job or in an automobile accident? How well does your organization collect the information needed to coordinate liability [...]
Time to Check Your Consents The collection industry is undergoing many changes in communications with consumers. The Consumer Financial Protection Bureau has provided new rules in how contact can be made. The new rules apply to letters, texting, emails, voicemails, and phone calls. As a provider you want to make sure your collection agencies have [...]
By: Greg Snow, Senior Vice President of Market Strategy, EnableComp The percentage of hospitals outsourcing complex claims has doubled over the past several years. The number of complex claims outsourced to specialized, third-party companies has increased from 20.4% to 39.8% and continues to grow. [1] Nationwide, reduced operating margins require healthcare management to capture [...]
