Finance/Revenue Cycle
Kick your revenue cycle into a new gear for the new year
Billions of dollars have been invested into electronic health records—and as we’ve said before, they’re great at what they do. But no system is perfect. In this blog post, you’ll find a rapid-fire Q&A session (and a brief demo!) between industry experts Andy De, Lillian Phelps, and Jennifer Rydd about how advanced analytics can work…
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How big data, AI and automation are transforming patient access
The healthcare industry celebrates Patient Access week once a year in April, recognizing hardworking staff and significant advancements in this area of the field. While we all love a celebration, especially one that shines a light on such a deserving field, it’s critical that this focus on patient access does not dwindle in the other…
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4 tactics to harness data analytics for patient access engagement and efficiency
As healthcare consumers and regulatory bodies push for more transparency in medical services and transactions, provider organizations are applying greater focus and resources on sustainable solutions to fragmented front-end revenue cycle processes. In this blog post, I’ll cover 4 tactics that can help you capitalize on the power of data analytics to drive improvements in…
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Why Health Plans and Employers Need Stop Loss Reporting
Due to rising healthcare costs and the Affordable Care Act removing the ban on capitated benefits coverage, numerous employers with self-insured health plans often purchase stop loss coverage. This coverage is not medical insurance; but rather, it’s a financial and risk management tool that protects the employer from excessive claims.
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Digging deeper: Leveraging analytics to boost service line profitability
Regardless of the size of the hospital or health system, you need to look beyond traditional operational metrics to fully understand your organization’s performance. Insights into revenue, volume, cost, quality and variation across service lines are key to improving both performance and profitability.
Read MoreHow to Combat High Healthcare Costs with Analytics
It’s no secret that U.S. healthcare spending continues to rise. In fact, CMS projects healthcare spending to rise 5.5 percent annually from 2017 to 2026 and comprise nearly 20 percent the nation’s economy in 2026. […]
Read MoreHalfway Through 2018 – Where Is Healthcare Headed?
With the first half of the year behind us, we thought we’d share some of the current healthcare trends that are gaining traction in this week’s blog post. We’ve outlined the top four to keep watch for over the remainder of 2018. […]
Read MoreHow can Analytics Help Solve Healthcare’s Biggest RCM Issues?
Revenue cycle management (RCM) is a critical part of any healthcare operation and with rising healthcare costs it’s even more difficult to manage. However, to better handle costs and overall revenue, healthcare organizations need to prioritize and develop an RCM strategy. The strategy itself needs to address various revenue pain points, including: cash collections, bad […]
Read MoreAs costs go up, how can the industry adapt?
Healthcare costs continue to rise across the industry. According to a study published in the Journal of the American Medical Association, money spent on healthcare in the U.S. is nearly twice as high as 10 high-income countries. Not only does the U.S. have the highest percentage of obese adults but it also has the lowest […]
Read MoreHIMSS18 Series: The Top Payer Trends to Watch
We’re a little more than one week out from the annual HIMSS conference which begins on Monday, March 5 at the Sands Expo Center in Las Vegas, NV. The event brings together more than 40,000+ health IT professionals from various sectors of the industry. To help you better prepare for this whirlwind event, we connected […]
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