According to the Advisory Board’s 2017 Revenue Cycle Benchmarks , the average 350-bed hospital saw denial write-offs increase from $3.9 million in 2011 to $7 million in 2017. In order to reduce your hospital’s denials, …
News & Updates
Contract Management Insights Video: Determining Root Cause of Managed Care Underpayments
Understanding the root cause of managed care underpayments is critical to ensure a healthy hospital balance sheet. If your hospital suspects managed care underpayments, you need to first ensure there is a system in place …
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Healthcare Trends in 2018
At the forefront of executive minds in revenue cycle is performance improvement, cost reduction, patient engagement, and predictive analytics. Four trends to watch out for in 2018: Mega-mergers- As we have seen, CVS Health …
EDI vs. Bots: Optimize Claim Status and Avoid Legal or Security Concerns
Health care Providers continue to look for innovate and effective ways to accelerate the payment of claims. Faster reimbursement times improve critical revenue flow and avoid costly remediation. Click the link below to read the …
EDI vs. Bots: Optimize Claim Status and Avoid Legal or Security ConcernsRead More
Top 10 Revenue Cycle Management Solution Providers 2017
Parathon by JDA eHealth Systems has been named as one of the Top 10 Revenue Cycle Management Solution Providers by Healthcare Tech Outlook. Since the company’s founding 17 years ago, Parathon has improved financial performance, …
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States’ Progress on Health Coverage and Access to Care
I recently read the latest Commonwealth Fund census report examining how healthcare coverage and access have fared under the ACA. The report specifically focused on the time period between 2013 and 2016. One compelling take …
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Contract Management Insights1: Avoiding Underpayments and False Variances
Hospital underpayments are nearing 100 billion dollars nationally which explains why Executives are taking notice. Whether you are using an existing Contract Management System or looking at a new one, check out the video to …
Contract Management Insights1: Avoiding Underpayments and False VariancesRead More
A Renewed Focus on Denial Management
Hospitals are losing an estimated 3% of net revenue on denials and the cost of reworking claims is an average of $25 per claim. Hospitals are renewing their focus on denial management by analyzing their …
Is this the new “normal”? – Survey indicates Denials cost the average hospital $3.5M
According to the Advisory Board’s latest revenue cycle survey, denials cost the average hospital $3.5M a year. The biennial survey included information provided by senior executives at 90 hospitals and health systems, as well as …
Is this the new “normal”? – Survey indicates Denials cost the average hospital $3.5MRead More