1. Analysis: Average hospital misses opportunity of up to $22M in revenue capture
A recent 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. Recondo partners with HealthPay24 , Navicure adds execs to team & more — 13 RCM key notes
Here are 13 recent updates on revenue cycle management companies.
3. Analysis: 68% of patients with bills of $500 or less didn’t pay full statement in 2016
An increasing number of patients fail to pay their full hospital bills, according to a TransUnion Healthcare analysis.
4. 125 CFOs, RCM executives reveal their revenue cycle challenges
Hospitals and health systems face challenges in optimizing revenue cycle technology and establishing a comprehensive revenue integrity course, according to an HFMA/Navigant survey.
5. Denial rework costs providers roughly $118 per claim: 4 takeaways
An estimated $262 billion, or 9 percent, of the estimated $3 trillion in claims submitted by hospitals last year were initially denied, according to a new analysis by Change Healthcare.
