Healthcare costs are rising. Labor shortages abound. Margins continue to shrink, and navigating the ever-changing revenue cycle landscape becomes trickier by the day. For many health systems, lowering the cost to collect seems unattainable given the growing number of revenue cycle challenges. However, with a smart ...
There has been lots of healthcare news in the past two weeks. First, I hope all of you read my RACmonitor e-news article from July 6 about the right observation rate. If you didn’t, here’s a preview: I did it. ...
Rising costs. Labor shortages. Shrinking margins. These are market challenges we hear from Chief Financial Officer and Vice President of Revenue Cycle partners over and over again. They need a way to combat these obstacles that are wreaking havoc on their revenue cycle, causing them to lose millions of ...
As you may know, several payers have adopted a policy that they will review hospital billing for facility fees for emergency department visits, and will use their proprietary tools to automatically downgrade such visit codes based on the diagnoses and services listed on the claim. But as nearly all surely know, this is not compliant ...
Dear Health Leaders,
In the world of revenue cycle ...
EDITOR’S NOTE: Listen to Dr. Ronald Hirsch’s live reporting Monday on Monitor Mondays with Chuck Buck at 10 Eastern.
While the healthcare industry continues to climb its way out of a pandemic, it’s also facing unprecedented challenges, including rising operating costs, labor shortages and shrinking margins. What if there was a global delivery model that could help the industry during this challenging time?
The No Surprises Act has reportedly done its job in preventing an estimated nine million surprise medical bills since going into effect at the start of this year, ...
Amid all the rules stemming from the No Surprises Act, a looming mandate for providers to send cost estimates to health plans looks like the biggest stress inducer.
Various regulations under the No Surprises Act have created strain for healthcare finance professionals since the initial rules were published in mid-2021, ...
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