Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
The chargemaster is a critical database that lists every procedure, service, supply, and medication provided in a hospital along with its corresponding charge. Accurate chargemaster management is essential for hospitals to ensure ...
Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
Has your revenue cycle team examined the charge capture processes for your surgical services, including supply management? Just as your ancillary charge master is managed and maintained on a regular basis, the clinical surgery ...
Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
Managing a hospital’s chargemaster is no small task. As the backbone of revenue cycle management, it must remain accurate, compliant, and up-to-date amidst the ever-changing landscape of healthcare regulations and payer ...
Topics: Contract Negotiation, Denial Management
In the dynamic landscape of healthcare, negotiating contracts with insurance payors is a critical skill for providers. These negotiations determine the reimbursement rates for services, which directly impact the financial health ...
Topics: Price Transparency
In recent years, the issue of hospital price transparency has gained significant attention in healthcare discussions worldwide. While the concept seems straightforward — providing patients with clear and accessible information ...
Topics: Revenue Cycle Management, Surgical Charge Structure
In the fast-paced environment of the operating room (OR), maintaining accuracy is not limited to medical procedures—it also extends to financial operations, particularly accurate billing or “charging” for procedures, supplies, ...
Topics: Revenue Cycle Management
Revenue Cycle Management (RCM) is a critical process in the healthcare industry, especially within hospitals. It encompasses the entire financial lifecycle of a patient’s interaction with a healthcare provider, from appointment ...
Topics: Contract Negotiation
In healthcare today, charges are increasing, reimbursement is tightening, and pricing has become available for the public. Charges must be simplistic and straightforward for consumers to understand. Headlines highlight patients ...
Topics: Revenue Cycle Management
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 ...
Topics: Revenue Cycle Management
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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