Here are five articles published by Becker's Hospital Review this past week offering insight on collections, conducting a successful audit, pre-payment strategies and more.
1. 4 thoughts on implementing point-of-service collections in a small physician practice
Amy Rogers, office manager of Skokie, Ill.-based Orthopaedics & Rheumatology of the North Shore, shares four thoughts about implementing POS collections in small physician groups.
2. Hospitals increasingly employing pre-payment strategies to avoid bad debt
The increase in prevalence of high-deductible health plans under the ACA has led to more unpaid hospital bills among the insured population. To combat mounting bad debt, many hospitals have begun experimenting with pre-payment strategies, many of which require patient payment before scheduled care, according to Reuters.
3. 4 thoughts on conducting a successful RCM audit
Throughout the revenue cycle management process, there is room for human error as hospitals and health systems work to capture charges and submit accurate claims to payers. However, a proper audit of charges and claims can go a long way in helping healthcare organizations maximize reimbursement.
4. RCM tip of the day: Ensure accurate chronic care management billing
When billing for chronic care management, it is crucial for rural health clinics and federally qualified health centers to maintain accurate records of services they have performed, according to Randy Buchnowski, network executive for The Halley Consulting Group.
5. 7 recent RCM hires
The following organizations hired people with revenue cycle management expertise, or for an RCM-related role, so far in April.