Finance/Revenue Cycle
Tips & Tricks to Identify Bottlenecks & Manage Reimbursement in Your Business Office
The healthcare financial landscape is constantly in a state of flux— with ICD-10, fee-for-value reimbursement, and shared accountability payment models contributing to the significant change – but one thing remains the same: uncompensated care is at an all-time high. To help providers navigate their financial health, MedeAnalytics Business Office provides insight into revenue and cost […]
Read More10 Ways to Stop Revenue Leaks Before They Start
Today’s healthcare financial landscape is complex. Value-based reimbursements, bundled payments, and ICD-10 are changing the revenue lifecycle. As if that weren’t enough, revenue is managed by multiple departments, all of which operate in silos. From patient access to the business office and everything in between, revenue is touched by multiple systems that typically don’t talk […]
Read More3 Ways Healthcare Organizations Can Foster More Mindful Documentation
There has been extensive conversation around Meaningful Use (MU) and the passage of Medicare Access and CHIP Reauthorization Act (MACRA). CMS announced earlier in the year a shift from MU to MACRA which streamlines the transition from fee-for-service to value. MACRA highlights three changes in how to pay those who treat Medicare beneficiaries, including: Ending […]
Read MoreHIMSS16: Revenue Cycle Improvement, Performance Management & Clinical Data Infrastructure, Oh My!
This week, 43,000 healthcare industry experts, from CEOs to clinicians and IT professionals, will descend into Las Vegas for the HIMSS Conference & Exhibition, the largest event in the health information technology field in the U.S. From meeting and networking with health IT expects to keynotes from Sylvia Mathews Burwell, Secretary of Health & Human […]
Read More5 Ways Analytics in the Business Office Can Improve Your Revenue
Uncompensated care is on the rise. Providers are projected to write off as much as $200 billion by 2019. Value-based reimbursement, ICD-10, bundled payments, and shared accountability payment models are all creating a new healthcare economy. In this new economy, it’s important to ensure you are paid for the care you deliver. With data analytics […]
Read More6 Ways Mid-Cycle Insight Improves Your Revenue
The healthcare industry is in the midst of a major transition from fee-for-service reimbursement to a value-based model. By 2020, fee-for-value reimbursement is expected to represent 83% of hospital revenue, up from just 14% in 2010. Becker’s Hospital Review says that 86% of hospitals are already participating in some sort of value-based reimbursement program. Improving […]
Read MoreWise Health System – Leveraging MedeAnalytics to Manage its Revenue Life Cycle
Earlier last month, MedeAnalytics announced that Wise Health System, based in Decatur, Texas and affiliated with Baylor Scott & White Health, will expand its partnership with MedeAnalytics by leveraging its analytics platform and deep financial expertise across all segments of the revenue cycle – patient access, mid-cycle and the business office. Following the announcement, Lynn […]
Read MoreImproving the Business of Healthcare with Big-Picture Revenue Insight
In healthcare today, the financial landscape is growing in complexity. Fee-for-value reimbursements, bundled payments and high-deductible plans are changing the healthcare revenue lifecycle. Adding to this complexity are tighter regulations, audits and coding changes like ICD-10. It’s no wonder that healthcare CEOs say that financial challenges are their top concern. Further complicating matters is the […]
Read MoreTen Ways to Use Your Data to Manage Revenue
There’s no doubt that today’s healthcare financial landscape is complex. Fee-for-value reimbursements, bundled payments and high-deductible plans are changing the healthcare revenue lifecycle. But there’s great power in your data. By harnessing your data, you can take control of changing reimbursement models and other legislative reform that poses a potential threat to your financial viability. […]
Read MoreWest Tennessee Healthcare: Applying the Power of Data Analytics to Reign in Billing Costs
Between 2008 and 2012, multispecialty practices saw their bad debt go up 14 percent according to a recent survey by the Medical Group Management Association. To curb this debt, many providers are now sending patients who don't pay their bills to collection agencies. While on the surface this seems like an efficient solution, it actually […]
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