Revenue Cycle News Update – August 9, 2018
Revenue Cycle News Update for August 9, 2018
Welcome to our first revenue cycle news roundup for August 2018. This is a regular feature showcasing the most vital recent news stories in healthcare IT and revenue cycle management.
Here once again are the top stories since our last news roundup as well as what you’ll need to know in the next few weeks.
Medicare / Medicaid News
The Medicare Advantage (MA) program has surpassed Medicare fee-for-service (FFS) in developing positive member healthcare outcomes and reducing care costs, according to a recent analysis of both programs.
What coverage are your Medicare patients eligible for? We help you find out, quickly and easily.
The new Medicare cards are in the mail. Here are three important facts to know, plus potential scams to warn patients about.
Commercial Payer News
Health system and hospital executives are focusing on healthcare cost control and expense reductions rather than revenue growth in 2018, a new survey revealed.
The experience of HealthPartners shows how providers can reduce revenue cycle costs and increase reimbursements through easy online insurance verification.
Understanding the terms and provisions in a payer contract is key to maximizing reimbursement, preventing denials, and operating a smooth revenue cycle.
Understanding patient insurance eligibility up front is vital, too!
A full 92 percent of healthcare consumers surveyed said that improving customer experience should be a top strategic priority for medical providers over the next 12 months, increasing from 71 percent last year.
Instantly helping patients understand and verify their insurance eligibility up front, at check in, is a first step in improving that experience.
Healthcare finance, IT and operations leaders need to pay attention to three key areas in planning for next generation financial management tools: visualization, artificial intelligence and Blockchain, all delivered via cloud services.
Whatever new technologies emerge, we understand you need to connect to payers and health plans quickly and simply. That’s why we integrate to hundreds of payers and their health plans in our system.
Merging front and backend functions, leveraging data, collecting payments upfront, and automating prior authorizations are key to healthcare revenue cycle management excellence.
Insurance discovery for self-pay patients can help providers get paid sooner, and reduce the amount of time any individual has to manually work an account.
Transitional health insurance, otherwise known as a short-term health plan, is a temporary insurance policy intended to provide stop-gap coverage when an individual is in between ACA compliant policies. The NAIC estimates more than 160,000 people enrolled in transitional policies during 2016.
We help you understand what coverage each patient has, and what they are eligible for.
The majority of employees in large and mid-size businesses are offered medical benefits by their employers, which reinforces the stability of the employer-sponsored health insurance market.
We help you verify and understand those benefits up front, at check in. Arrange a demo to see how!