Category: Healthcare
About replacing your revenue management system…
As cash flow emerges as a top administrative concern in healthcare, one solution remains clear: upgrading the revenue cycle management system. In fact, according a recentĀ survey, 85 percent of healthcare organizations say they want to upgrade. Change overwhelms anĀ old system The reasons behind the desire to upgrade are clear. First, they are working with a
Fixing Your Patient Self Pay Process with Collections
Thereās a lot of discussion and commentary out there about this issue, but everyone seems to agree: due to high-deductible health insurance plans, and a general failure to effectively address the flaws in the patient self-pay process, the bad debt problem is only going to get worse for many healthcare providers. Mike Trilli, the senior
Offer discounts to insured patients for upfront cash payments
We have a healthcare collection tip for you. But there’s something to consider first. What was once a longtime truth about medical billing is now turned upside-down. For years, uninsured patients were charged more for their care than insured patients. Today, patients are finding they can uncover deep discounts if they pay for their care
Boost revenue with 5 healthcare billing system updates
Chances are, your practice is not getting as much money from insurance companies as in previous yearsāeven if itās true that more patients than ever are covered by insurance, and the majority of your revenue probably still comes from insurance companies. But todayās patients are paying much higher deductibles than even five years ago. For
Overcoming patient billing complaints: A case for outsourcing
Medical billing is oneĀ specialty thatĀ has seen a major shift over the past six years. One driving trendĀ is the Affordable Healthcare Act (ACA) and theĀ 20 million Americans who have gainedĀ health insurance since 2010, according to the U.S. Department of Health and Human Service. In some cases, these individuals are learning the ropes about health insurance, such
The future of medical billing: A case for digital tools
Take a peek at the hospital of the future. Monitors outside patient rooms give all the pertinent data at a glance. Caregivers use devices for scanning, photos and record keeping. Location devices maintain staff efficiency, while also keeping family members updated on the whereabouts and care of loved ones. This is the vision and goal
Surprise medical bills put patients, hospitals in a pinch
Letās say a patient visits a hospital or a large clinic, which he had chosen because it was listed in the network provided by the insurance company. Later, the patient gets a nasty surprise in the mail: a larger-than-expected bill for their care. It could be a few hundred dollars higher, or several thousand. In
A serious push to make medical billing patient friendly
Patient billing is a mess. At the very least, it is becoming much more common for patients who struggle to understand their bills and make medical billing patient friendly, all thanks to the proliferation of high-deductible healthcare plans. Thatās why we are excited to see the Healthcare Financial Management Association continue to push the idea
