Erin Lovett
CDM compliance and strategic pricing supports revenue goals
CDM compliance and strategic pricing supports revenue goals. Case Study CDM compliance and strategic pricing supports revenue goals. Savista set out to reallocate $85M while ensuring defensibility of charges, maintaining gross revenue neutrality and optimizing net revenue. CDMadjustments needed to comply with industry standards and federal regulations and drive strategic benchmarking. Our revenue cycle management…
Savista Introduces New CEO
Savista Introduces New CEO Jan Grimm named CEO of Savista Brenda Cline, current CEO, announces retirement and joins Board of Directors (Alpharetta, GA) September 23, 2022 Healthcare revenue cycle management services company Savista and Pamplona Capital Management announced today that Jan Grimm has been appointed CEO, effective September 20. Concurrently, Brenda Cline…
Want to Shore Up a Sagging Bottom Line? Start With Your Chargemaster
Want to Shore Up a Sagging Bottom-Line? Start With Your Chargemaster Up to 1% of net patient revenue is lost due to deficient charge capture processes. According to the Healthcare Financial Management Association (HFMA) April 29, 2022, the charge description master, or CDM, is a major source of revenue leakage for healthcare providers. Understanding the…
2023 IPPS UPDATE – Effective 10.1.2022
IPPS inpatient prospective payment system – or IPPS – updates are a go for October 1, 2022. Here are the most significant changes regarding payment, reporting and requested feedback that will go into effect on that date. Payment: 2% increase in payment in 2023 – $1.6B overall. $654 M decrease in DSH payments –…
CDM Conversion Strategy: Savvy Steps For PAS Success
CDM Conversion Strategy: Savvy Steps For PAS Success Healthcare providers can relate to the huge investment of a new patient accounting system, or PAS. The time, money and resources required plus the expected dip in financial performance during transition – it’s a lot. Which makes managing the dip and reducing recovery time after go live…
The CDM – Leverage its Power to Drive Revenue and Compliance
The CDM – Leverage its Power to Drive Revenue and Compliance For too long, the Charge Description Master has taken a back seat to Patient Access, HIM and A/R when it comes to driving net revenue and ensuring compliance. Plus, recent price transparency regulations have prompted providers to share information that they’re making public is…
Value of Patient Balance Management Program
Value of Patient Balance Management Program What is the value of a patient balance management program? Patient financial liabilities are skyrocketing and insured bad debt is growing beyond uninsured bad debt. Providers need robust Patient Access services and technology with a patient-centric approach that helps patients understand complex information about their care and how they…
Public Health Emergency (PHE) Renewed. Medicaid Extended Again.
Public Health Emergency (PHE) Renewed. Medicaid Extended Again. April 13, 2022 Recently Reuters reported that the COVID-19 PHE (Public Health Emergency) end date has been pushed back after a renewal. The extension allows “millions of Americans to keep getting free tests, vaccines and treatments for at least three more months,” according to the news…
The Benefits to Outsourcing and Globalization of Healthcare
The Benefits to Outsourcing and Globalization of Healthcare Listen to this Becker’s Healthcare Podcast interview with our Chief Strategy Officer, Laxmi Patel to learn more about revenue cycle outsourcing. How can RCM outsourcing help your healthcare organization? Watch More See All Webinars
Savista Appoints Chief Commercial Officer to Drive Success for Healthcare Providers
Savista Appoints Chief Commercial Officer to Drive Success for Healthcare Providers (Alpharetta, GA) March 3, 2022 Savista welcomes Daniel (Dan) Bugarin to the organization as Chief Commercial Officer. In his role, Dan will lead and support the Commercial organization’s strategy to consistently delight clients with solid partnerships that build the financial sustenance of healthcare…