HBI held its annual Spring Member Retreat in Boston, Massachusetts, last month (March 25–27)—bringing together approximately 70 revenue cycle professionals from 40+ healthcare organizations. As part of the HBI research team, these events have always been my favorite to not just help coordinate and host, but also to attend. I’m always struck by how kind […]
Category: Revenue Cycle
Federal Government Weighing Stronger Price Transparency Rules
The federal government’s next action to improve price transparency among providers may be requiring organizations to publicize the contracted prices they charge insurance companies for services. A request for comment on this idea and other price transparency initiatives was slipped into a proposal to prevent health information blocking released in February by the Office of […]
How the Revenue Cycle Will Need to Adapt to Value-Based Reimbursement
Value-based payment models are undoubtedly the future of health care. The number of commercial and governmental ACO contracts alone increased by an average of 63% annually from Q1 2011 to Q1 2018, according to a Muhlestein et al. analysis of Leavitt Partners’ data. Though commercial payers have been slower to adopt other models that are […]
The Top Five Challenges Revenue Cycle Leaders Faced in 2018
HBI’s Revenue Cycle Academy received more than 1,300 research requests from the membership community in 2018, allowing us to identify major trends in the issues commanding the attention of leaders throughout the industry. The Top 5 Staff Management: More than a third of the research requests the team received were related to staff management. Revenue […]
Gamification’s Potential in the Revenue Cycle
According to U.S. Census Bureau data, over one third of working Americans are millennials, making them the largest generation in the American workforce. Healthcare organizations have thus turned to efforts to attract and retain millennials, who research indicates may harbor a deeper desire for real-time feedback; a sense of purpose, challenge, and enjoyment in their […]
Pulse Check: Try These Solutions to Avoid Authorization Denials
Date:
January 9, 2019
Category:
Revenue Cycle
Authorization-related denials continue to be among the top denials for organizations. Authorization denials add to A/R days, require work to overturn, and can result in lost revenue. Here’s a list of common pitfalls and possible solutions. We’d love to hear more about your own authorization-related pitfalls and/or solutions your organization is pursing. Reach out to […]
Must Dos for A Successful Employee Career Ladder Program
Date:
January 9, 2019
Category:
Revenue Cycle
Filed under:
Career ladder, Compensation, Criteria for advancement, Healthcare, Revenue cycle, Turnover Rate
As many as 75% of the total U.S. workforce will be comprised of the millennial generation by 2025. This brings with it a variety of shifts in recruitment, training, and retention practices, as well as the general attitude towards work and career. In a poll of more than 3,500 revenue cycle leaders by the staffing […]
Priming The Pump: Amazon’s Attempt To Dominate Healthcare
By:
Rahul Kamath
Date:
January 7, 2019
Category:
Revenue Cycle
Filed under:
Alexa, Amazon, Amazon Comprehend Medical, Amazon X, Echo, Health technology, Healthcare, Hospitals, Machine learning, Providers
Amazon’s foray into healthcare has been a constant story throughout 2018, and the company has been exploring various avenues to become an industry leader. Earlier in 2018, for example, Amazon aligned with Berkshire Hathaway and JPMorgan Chase to form a healthcare company, which will focus on health technology and providing high quality, transparent healthcare to […]
What Providers Should Know About the ACA Ruling
A federal judge’s ruling against the Affordable Care Act last week has providers facing the unnerving prospect of a future without the landmark law to which they have spent years adapting. On Friday, Judge Reed O’Connor of the Federal District Court in Fort Worth struck down the ACA in a lawsuit brought in part by […]