RCM tip of the day: Know your allowable reimbursement

To ensure they receive accurate and complete reimbursement from commercial payers, hospitals should ensure they know the allowable reimbursement amount, said Tom Romeo, general manager of healthcare IT and Quanum Solutions at Quest Diagnostics.

"Not all payers reimburse correctly, so it's important to know what you are supposed be getting paid. Obtain the allowables for all services, then load current allowables for all payers and products. Review them at the line-item level. Take action," he told Becker's.

If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.


More articles on healthcare finance:

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Hospitals focusing on clinical conditions, employee well-being to beat rising healthcare costs
US Supreme Court to review Medicare payments ruling

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