Here are five articles recently published by Becker's Hospital Review that offer insight on improving revenue cycle management.
1. 5 RCM metrics hospitals should monitor to improve cash flow
To maintain profitability, healthcare organizations must select and track revenue cycle management metrics that push them to surpass expectations.
2. Navigating ICD-10: Tips for hospitals and coders
Julia Hammerman, director of compliance and education at St. Louis-based himagine solutions, and Terri Eichelmann, director of health information management at St. Louis-based BJC HealthCare, provided Becker's Hospital Review with tips for healthcare organizations and coders navigating the ICD-10 transition.
3. 5 actions to take after a coding audit
Coding audits can help healthcare systems pinpoint mistakes and ultimately streamline processes and enhance coding staff expertise. Outlining a post-audit action plan can push healthcare organizations toward improving the auditing process, as well as safeguard incoming revenues.
4. The transition to MACRA and its affect on the revenue cycle
The Medicare Access and CHIP Reauthorization Act was enacted in 2015 to replace the flawed sustainable growth rate. Under MACRA, performance measurements for new payment models began in 2017, which makes it vital that physicians learn about the implications of MACRA for their practices. "The shift from volume to value is moving quick and if you don't have a grip [on this shift], you can get caught in the crossroads," says Justin Barnes, partner and chief growth officer at iHealth Innovations, which offers revenue cycle performance, quality reporting and best practice optimization services.
5. 7 thoughts on the importance and future of blockchain in RCM
Emily Vaughn, head of accounts at blockchain platform provider Gem, spoke with Becker's Hospital Review about the importance of blockchain in healthcare — specifically in revenue cycle management — and how this may affect the industry in 2017.
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