Remove finance-revenue-cycle
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“Complexity is Profitable” in U.S. Healthcare – How to Save a Quarter-Trillion Dollars

Health Populi

We’re talking claims here — not an app to manage a complex condition like diabetes or even a medication adherence tool. This diagram from the McKinsey study organizes data from a project with which I’d been long affiliated, the CAQH Index of electronic adoption of claims transactions.

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Bonus Features – December 24 , 2023 – 74% of orgs automating RCM operations, per-physician revenue exceeding expenses at U.S. hospitals, plus 19 more stories

Healthcare IT Today

News and Studies Median hospital margins rose to 2% in November , according to the latest data from Syntellis, and per-physician revenue growth is outpacing per-physician expenses. AI-supported diagnostic tools produce X-ray reviews 82% faster than readings without automation, according to data from SimonMed.

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For better RCM, prioritize people and track with technology

Hinduja Global Solutions

Provider finance leaders are struggling to address the financial impact of post-pay audits, denials, and processing appeals, while revenue cycle departments are inundated with backlogs of denials on previously paid claims, distracting them from standard claim resolution processes. Track it all with the right tools.

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Why Is So Much “Patient Experience” Effort Focused on Financial Experience?

Health Populi

Patient experience and engagement were a trending topic at the recent HIMSS 2021 conference, a growing portion of panels and presentations focusing on patient billing, revenue cycle management, and health consumers’ financial literacy. Elavon, a unit of US Bancorp (the fifth largest bank in the U.S. Two-thirds of U.S.

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HIStalk Interviews John Talaga, EVP/GM, OnPlan Health

HIStalk Interviews

We developed introduced PatientCompass, which was the first online account management tool for hospitals. Over the last couple of years, the level of executive presence on the rev cycle side has increased. You have VPs of revenue cycle and chief revenue officers that you never had in the past.

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Bonus Features – July 10, 2022 – Sequoia Project releases TECFA identity verification documentation, IBM Watson Health is now Merative, and more

Healthcare IT Today

At the HFMA conference, revenue cycle management vendor R1 shared data from a survey of more than 200 healthcare CFOs and finance VPs. More than 90% of respondents said providing routine healthcare post-COVID is putting a strain on their departments, with 90% of RCM departments experiencing a labor shortage. Partnerships.

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Bonus Features – August 14, 2022 – Payers and providers look at Big Tech differently, half of physicians and nurses don’t think their orgs are headed in the right direction, and more

Healthcare IT Today

Research firm AVIA’s Digital Benchmarking Initiative report shows a significant gap between how many providers make digital tools available to patients compared to how many patients actually use them. Partnerships.

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