Revenue Integrity

Want to Shore Up a Sagging Bottom Line? Start With Your Chargemaster

June 21, 2022

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 connection between financial stability and CDM viability appears to be recognized…

CDM Conversion Strategy: Savvy Steps For PAS Success

June 1, 2022

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 a primary goal. Too often, unforeseen issues present…

Is Your Hospital Using Price Transparency Data to be Competitive? 2 Benchmarks to Put You in the Lead

May 5, 2022

Savvy hospitals are taking advantage of legislation that requires hospitals (and soon payers) to provide price transparency data to the public. They’re building a capability to analyze the pricing of competitors for shoppable services, and are adjusting their business models to support favorable gross charges and net revenue yield, all while ensuring defensibility of the…

7 Strategies to Boost Revenue Cycle Integrity and Performance

April 15, 2021

Making improvements to the revenue cycle is an evergreen effort for health care providers who understand the importance of continual outcome growth and patient satisfaction. Key to strengthening revenue cycle performance is a strong revenue integrity program. Here, we suggest seven key strategies in the middle of the health care revenue cycle that, when implemented…