As we near the fourth quarter of 2020, HBI has begun to receive an influx of questions from revenue cycle leaders who want to know what others are doing to comply with the CMS price transparency rule going into effect January 1, 2021. There are two overarching requirements hospitals will need to comply with: Publicizing […]
Tag: compliance
Tips for Managing Relationships with Suppliers and Service Providers
Managing vendor relationships can be challenging for several reasons. The high volume of manufacturers and suppliers hospital supply chains deal with can be daunting. Distributors and purchasing organizations can help make it more manageable, but with thousands upon thousands of SKUs at any given hospital, they cannot cover all of it. On top of that, […]
Pulse Check: Ensuring ABN Compliance
As you well know, Advance Beneficiary Notices of Noncoverage (ABNs) are necessary whenever your organization determines that non-emergency Medicare services may not meet medical necessity. This allows the patient to determine if they want to receive the services and it alerts them to how much they may owe if the services are not found to […]
Pulse Check: Departmental Process Adherence QA Only Tells Part of the Story
While many healthcare organizations employ QA analysts that routinely check for accuracy, compliance, and departmental process adherence on an employee level, most organizations do not also conduct account-specific QA that follows a claim through the revenue cycle, highlighting opportunities for improvement and training within each revenue cycle area. Situations like this often lead to instances […]