As organizations turn their attention inward to identify possible areas of the revenue cycle that can be updated or streamlined, one area that may be primed for improvements is the check-in process. While traditional check-in methods can be complicated for both patients and staff, many organizations are finding ways to harness technology to make the […]
Category: Revenue Cycle
Does Your Data Analysis Team Deliver?
Revenue cycle leaders are constantly tasked with measuring their teams against industry benchmarks, and they increasingly rely on dedicated revenue cycle analytics staff to generate reports to assess performance. This, in turn, has spurred analytics leaders to reach out to HBI for insight on how their peers are handling this influx: How should their analytics […]
Five Areas to Focus on When Preparing for Value-Based Reimbursement
In today’s quality-focused healthcare environment, more organizations and payers are expressing interest in value-based contracts. However, the trend does seem slow to gain traction for a variety of reasons: there are few existing programs to model contracts off of, contract negotiation can be difficult, CMS pilots are moving slowly (i.e., MIPS), and more. In fact, […]
Proposed Immigration Rule Could Increase Uncompensated Care
Health systems may need to prepare for an increase in uninsured immigrant patients—and thus uncompensated care—if a new proposal from the Department of Homeland Security is finalized. The agency issued a proposal on October 10 to have the types of public benefit usages the U.S. is allowed to consider in denying immigrants lawful permanent residence […]
Three Lessons You’ll Learn During HBI’s Price Transparency Roundtable
Hospital prices have been coming under increased scrutiny amid rising patient consumerism and regulatory attention. Most recently, CMS issued a new regulation requiring providers to publicize standard charges online on January 1, 2019. In this climate of transparency, organizations’ strategies for informing patients of their care costs are more important than ever. Leaders from University […]
All You Need to Know About FY 2019 ICD-10 CM and PCS
Under an annual ICD-10 code update that takes effect today, coders, providers, payers, auditors, educators, and consultants will be expected to familiarize themselves with 616 ICD-10-PCS and 473 ICD-10-CM changes. CMS and the National Center for Health Statistics periodically update the ICD-10 classification systems. These agencies are constantly working to specify the unspecified codes, update […]
Researchers Assess Reprocessing Practice Efficacy for Endoscopes
According to the CDC, healthcare-acquired infections affect 5-10% of the patient population, resulting in approximately 100,000 deaths and generating nearly $20 billion in healthcare costs per year. One potential vector for infectants is exploratory scopes. Total rates of scope-related infections are not well documented, but, in January 2016, according to FDA’s Manufacturer and User Facility […]
The Ideal Revenue Cycle Leader: Top 5 Qualities
In the past several years, revenue cycle leaders—from supervisors and managers, to directors and C-suite executives—have seen their oversight expand in a number of ways, necessitating that their knowledge base, staff, and skills expand with it. Whether overseeing new care settings- or new positions, leaders may no longer have a tenured, ground-up experience in all […]
Physician Revenue Cycle Training: The Rising Need
In today’s ever-changing healthcare landscape, physicians are no longer just responsible for providing patient care. Every aspect of the revenue cycle is impacted by physicians: they need to communicate with patient access staff to get patients scheduled and make sure ordered services are authorized; their documentation needs to be clear and specific to ensure accurate […]