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Leveraging Technology to Improve Revenue

A study summarized on yahoo!finance indicates that the future of Health Care Revenue Cycle Management may include increases in outsourcing. “The study, entitled PatientPay 2022, found 63% of respondents indicated they were ...

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Are you Prepared for the Big Patient Shift?

Hospital margins depend highly on the type and volume of services they perform. Historically, the hospital was the only place to go for healthcare services. However, today a variety of stand-alone specialty locations can meet ...

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Are you Losing Money in your Operating Room?

4 Key Elements to Establish Effective Surgical Charges Charge Setting in the Operating Room Perhaps one of the most enigmatic locations in the hospital for setting charges is the Operating Room (OR). The same procedure can vary ...

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Are Your Payers Covering the New Cost of Healthcare?

According to Becker's Healthcare, as of Quarter 3 of 2022, "economists have classified 2022 as the worst financial year for hospitals in decades," as the profit gap between payer and provider continues to widen. Figure 1.1 Note. ...

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What is the Point of a Patient-Centric Revenue Cycle?

What it IS The patient-centric revenue cycle considers the patient's experience throughout the billing process. This includes an upfront understanding of the cost and transparent and timely communication regarding the balance due ...

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What is Revenue Cycle Management?

All care provided within a health care institution has a cost and associated fee or payment. Managing the charging for and collection of such bills fall under the purview of the revenue cycle management team. The Healthcare ...

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MedCom’s Chargemaster and Pricing Solutions

An Automated Chargemaster Solution Equals An Improved Bottom line. The chargemaster (CDM) is the lifeline to your organization’s financial success. The CDM is a comprehensive data warehouse compiled of every procedure, service, ...

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