1. Analysis: Average hospital misses opportunity of up to $22M in revenue capture
An Advisory Board analysis revealed the average 350-bed hospital could gain up to $22 million in additional revenue by putting more focus on improving revenue cycle management performance rather than managing RCM cost.
2. States with no fee schedules see higher hospital outpatient payments per episode, study finds
Hospitals in states with percent-of-charge-based fee regulations or no fee schedules saw higher and faster growing outpatient payments than states with fixed-amount fee schedules in 2015, an annual study from the Workers Compensation Research Institute found.
3. How automation can enhance RCM operations
A number of hospitals and health systems are using automation to reduce costs and streamline revenue cycle management processes.
4. S&P: Senate healthcare bill is ‘inadequate beyond 2021’
Senate Republicans’ proposed Better Care Reconciliation Act of 2017 is “positive in the short term but inadequate beyond 2021,” according to an analysis by S&P Global.
5. Washington health system files for bankruptcy
Kennewick, Wash.-based Trios Health filed for Chapter 9 bankruptcy, a bankruptcy proceeding that offers distressed municipalities protection from creditors while a repayment plan is negotiated.
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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.