1. RCM tip of the day: Conduct a review of final outgoing claims
Reviewing claims in their final version prior to payer submission can help healthcare organizations improve charge capture processes, according to Anna Barnes, implementation manager with Craneware, an Atlanta-based value cycle company.
2. Why patients delay medical payments: 12 findings
More than half of Americans delay medical payments due to factors such as high deductibles and uncertainty regarding insurance coverage, yet providers don’t often take advantage of opportunities to solve the revenue challenges this creates, according to a West Corp. study.
3. 12 hospitals seeking RCM talent
Here are 12 hospitals and health systems that recently posted job listings seeking revenue cycle management expertise.
4. Retiring couples now need up to $275k for healthcare costs, study finds
Couples retiring this year will need $275,000 to cover healthcare costs in retirement, according to a new study from Fidelity Benefits Consulting reported by CNN Money.
5. RCM tip of the day: Focus on retention of existing patients
Hospitals and health systems seeking to make their revenue cycle management process more effective should strive to retain existing patients, according to Brian Paradis, senior partner with Tampa, Fla.-based healthcare strategic advisory firm CSuite Solutions.
More articles on healthcare finance:
Augusta University Health System blames lack of physicians for $8.8M loss
Northwell Health to shut down insurance arm
MD Anderson operating in the black for first time in more than a year
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.