Medicare funds a significant portion of our country’s healthcare services. The amount of money that comes to the hospital from federal health insurance for senior citizens is considerable and necessary to support a hospital or ...
The 835 and 837 transaction sets are two electronic documents vital to healthcare and commissioned by HIPAA 5010 requirements. They are an essential part of the hospital payment process, but one might not fully understand exactly ...
This past January, Modern Healthcare published Healthcare executives expect M&A to boost business in 2019. “Nearly three-quarters of 291 senior executives polled said they expect better business performance in 2019 than last ...
Profit margins are shrinking for hospitals across the country. Bundled payment structures are on the rise, making it difficult to determine if reimbursement is accurate. Healthcare providers cannot afford to miss out on ...
It is important to you that your patients receive the complete care that they expect and deserve. It’s also important to you that your facility is properly and completely reimbursed for the treatments, services, and support you ...
It’s no secret that billing is a complicated process for hospitals and physician’s practices. Many people struggle to quickly determine how to charge for the services they offer their patients, and which charge codes to use ...
When the finance management team at your facility is reviewing pricing, how do they determine what to charge? It’s crucial to keep your pricing consistent with both your local market and your payor contracts. However, it’s not ...
Accenture just released a survey taken from more than 2,000 U.S. consumers, and the findings are clear: Millennials and Generation Z consumers are demanding a different kind of healthcare. With Millennials projected to be the ...
When looking to improve efficiency and reduce costs for your hospital, you want to ensure your total cost of care is measured correctly. The two variables you want to look at are how much is reimbursed for each service and how ...
When looking to improve your healthcare revenue, it is important to identify why you are losing money in the first place. With costs continually fluctuating, you want to ensure you are looking at your billing to identify any ...
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