He said older technology limited claim reviews to broad categories, but now it is possible to narrow them.
“It is increasingly easy to review smaller and more focused subsets, even down to the individual claim or even charge level,” Mr. Angerhofer told Becker’s.
Revenue cycle management “managers should use that capability to create narrowly targeted micropopulations of claims. By targeting claims that are very similar, managers can get a better understanding of how to resolve them and achieve the desired result: higher collections at lower costs.”
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 costs:
AMA releases 335 coding changes for 2019
Pediatric group director pens book on navigating the patient financial experience
This week’s 5 must-reads for hospital RCM leaders
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.