Revenue Integrity
Is Your Hospital Using Price Transparency Data to be Competitive? 2 Benchmarks to Put You in the Lead
Is Your Hospital Using Price Transparency Data to be Competitive? 2 Benchmarks to Put You in the Lead Savvy hospitals are taking advantage of legislation that requires hospitals (and soon payers) to provide price transparency data to the public by using it to create new revenue cycle benchmarks. They’re building a capability to analyze…
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…
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…
7 Strategies to Boost Revenue Cycle Integrity and Performance
Making revenue cycle improvements 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 to tackle…