Here are five articles published by Becker's Hospital Review this past week offering insight on audits, patient financial experience, cost-sharing reductions and more.
1. Analysis: Eliminating cost-sharing reductions would cost feds $2.3B more than it would save
Ending cost-sharing reduction payments the government makes directly to insurers to subsidize coverage for low-income Americans on the ACA exchanges would cost the federal government an additional $12.3 billion in premium tax credits next year, but save only $10 billion.
2. RCM tip of the day: Initiate frequent audits
Due to the complexity of billing, healthcare organizations should audit on a continual basis and ensure accuracy of claims following submission to payers, according to Karen Bowden, executive vice president of revenue integrity operations at Craneware.
3. 3 thoughts on how to improve patient financial experience
With the rise of consumerism, hospitals and health systems continuously seek to improve patient financial experience.
4. 10 hospitals seeking RCM talent
As hospitals and health systems juggle new compliance issues under the ACA and implement new payment models to transition away from fee-for-service medicine, many institutions are looking to strengthen their financial management arms.
5. ZirMed updates insurance detection solution, PrognoCIS partners with Transworld Systems & more — 8 RCM key notes
Here are eight recent updates on revenue cycle management companies.
More articles on finance:
Erlanger operating income reaches $8.5M in Q3
Massachusetts AG creates task force to scrutinize nonprofit hospitals' community benefit
RCM tip of the day: Initiate frequent audits