Operating Losses Per Physician Are Increasing
Operating losses per physician are increasing to 17.5 percent of net revenue. What if you could offset operating losses without costly systems? Parathon is the only company that offers denial and zero balance recovery services COMBINED with client access to our system which exposes root cause issues totally free of charge. With a 65% collection rate on denials […]
Why Zero Balance Vendors Fail & How You Can Recover Millions
How are zero balance vendors failing? There are many misconceptions when it comes to zero balance reviews. Many hospital executives feel that because they have hired a well-known or reputable vendor they have exhausted all the potential zero balance revenue available. Many have said that their vendor has found very little revenue. The misconception comes […]
5 Underpayment Tips
Third-party underpayments are exactly what they sound like – payment requests that are only partially paid. When hospitals send out payment requests to third party insurance companies, their billing departments examine the bills, but instead of paying them in full, they only submit enough money to cover part of the balance. Unfortunately, this happens […]
Parathon Reaches Growth Milestone – 20% of largest hospital systems in US
Parathon, a leading revenue cycle provider, announced today record-setting, mid-year client acquisitions, positioning the company’s market share at 20% of the largest hospital systems in the US and 100% client growth over the last twelve months. Part of Parathon’s success has been its growth in contract modeling management, and revenue recovery. Since the company’s inception […]
Parathon® Once Again Ranked Top 10 Revenue Cycle Management Solution Provider
Parathon® by JDA eHealth Systems has once again been ranked the Top 10 Revenue Cycle Management Solution Provider by Healthcare Tech Outlook. This is the second year in a row that Parathon has made the top 10 list. Parathon’s success in this last year can be attributed to its growth in contract modeling, management, and […]
Multiple RCM Systems Pose Interoperability Challenges
I read this interesting article on how the use of multiple RCM systems results in higher rates of denials as well as difficulties gathering and normalizing data. The HIMSS Analytics study said that denials are the biggest challenge hospitals face with revenue cycle management. One reason for that could be their use of multiple IT […]
HFMA Annual Conference 2018
As anticipated, the HFMA Annual conference did not disappoint. In addition to an amazing lineup of speakers, vibrant breakout sessions, and thought-provoking keynotes, the exhibitor hall was an excellent venue to connect with industry experts, hospital executives, and vendors alike. While attendees may have been inspired by different aspects of the conference, I came away […]
2018 Annual Parathon Revenue Cycle Optimization Summit
Attending conferences can be hit or miss. Often, schedules are packed with a variety of speakers and topics, only some of which relate to the individuals who attend. At Parathon, we strive to create an annual meeting that fills the entire agenda with relevant topics, no matter the type of hospital or health system you […]
Understanding Blockchain in Healthcare and how it is beneficial to providers
Big buzz in the news today is crypto-currencies like Bitcoin and Blockchain technologies. I have to admit, I was having a hard time understanding the concept of bitcoin and Blockchain. I ran across a video of John Oliver explaining both concepts and even though it was a bit over the top, the basics were well […]
Zero-pay Policy for Non-Emergent ED is on the Rise
Hospitals are providing quality care for their patients, but are challenged with receiving adequate reimbursement from payers, particularly with emergency room services. Some payers have adopted zero-pay or reduced payment for non-emergent use of the emergency department (ED). The burden is on the provider to add more resources and staff to manage this policy or […]
