Offset Rising Costs and Labor Shortage Challenges with the Right RCM Outsourcing Partner
R1 RCMAugust 8, 2022
Economic pressures and lingering pandemic-related workforce struggles are squeezing the bottom line at today’s healthcare organizations. Clinical labor costs have increased by an average of 8% per patient day compared with 2019, amounting to $17 million in additional annual expenses for a 500-bed hospital, ...
Rethink Patient-Facing RCM during Labor Shortage Part 3: Challenges of Small Hospitals
Philip MilsomApril 20, 2022
Imagine this predicament: You manage the registration and admissions functions at a small hospital in rural North Carolina. You’ve recently lost several staff members to retirement, family moves, and other routine causes of attrition. However, several of these staff vacancies occurred Read More
Rethink Patient-Facing RCM during Labor Shortage Part 2: Why Remote RCM Makes Sense
Brooks BabcockApril 20, 2022
Working remotely was a necessity for many people during COVID-19 lockdowns. As the proverb goes, “necessity is the mother of invention.” So, perhaps it shouldn’t surprise us that within mere months, humanity found ways to remotely accomplish all sorts of jobs that were primarily performed in person before the ...
Rethink Patient-Facing RCM During Healthcare Labor Shortage Part 1: Why Now?
Stephen BernardMarch 8, 2022
"We're hiring."
It’s probably safe to say that most of the country’s hospitals and health systems are posting that message prominently right now. Recent employment trends show that the number of people quitting healthcare and social assistance jobs was
HFM: Revenue Cycle Staff Shortages Push Leaders to Adapt Quickly
Lisa EramoMarch 8, 2022
The pandemic-driven workforce shortage is leading to significant changes in revenue cycle management operations at many hospitals and health systems.
Changes include the greater use of remote workers, soaring wage costs, implementation of sign-on bonuses, the outsourcing of jobs and greater use of automation, all of which ...
ACPA Newsletter: Cancelled Surgery – Change the Status?
Dr. Ronald HirschFebruary 9, 2022
The flip flop by CMS on the Inpatient Only List (IOL) has left many with their head spinning, and with good reason. First they remove 298 surgeries from the list, including many where patients always stay over two midnights, leading to education sessions and program redesigns to get status correct. Then CMS says “never mind” and puts most of ...
A Strategy to Eliminate Fixed Costs From the Hospital Revenue Cycle
Peter A. HallApril 21, 2021
Just days into 2021, industry leaders such as KaufmanHall began projecting that hospitals and health systems were in for another tumultuous financial year: in addition to recovering from ...
Getting the Greatest ROI from Revenue Cycle Automation
Philip MilsomMarch 10, 2021
A year after operating margins dipped into negative numbers and YOY revenues decreased as much as
RACMonitor: Deconstructing the Concept of Condition Code 44
Dr. Juliet Ugarte HopkinsMarch 3, 2021
Dear Readers,
Managed Healthcare Executive: 5 Takeaways About Telehealth Boom
Keith LoriaDecember 1, 2020
The COVID-19 pandemic has been a bumpy ride in the United States, featuring one controversy after another. One of the few areas of agreement is that the widespread adoption of telehealth amid the pandemic has been, by and large, a positive development.
Here are the first 5 takeaways about the telehealth ...
