Revenue Cycle News Update for September 27, 2018
Welcome to our 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 new MBI cards are being now to Medicare beneficiaries in 15 states across the southeast and western states.
What coverage are your Medicare patients eligible for? We help you find out, quickly and easily.
In the ongoing push toward value-based care and reducing costs, the Centers for Medicare and Medicaid Services will be releasing new payment models, according to CMS Administrator Seema Verma.
Our insurance verification software integrates with Medicare and Medicaid plus hundreds of private payers and plans.
Private Payer News
Analysis found that while hospitals that outsource that revenue cycle collect more patient balance payments, getting the money takes much longer.
Hospitals with revenue cycle outsourcing reported higher claim denial rates and long patient collection cycles compared to their peers with in-house hospital revenue cycle management.
Here’s a better approach: collect all your insurance-eligible self-pays in six easy steps, with completely giving up control of your revenue cycle.
Confusion over navigating the complex healthcare system translates into a significant customer-service cost burden for insurers.
A recent Accenture report shows the costs of low patient health literacy, suggesting health plan simplification is needed for a better patient experience.
We can’t solve the whole problem. But we can offer a lifeline for finding coverage for self-pay patients. Here’s how Insurance Discovery software provides the quickest way to find existing coverage that may have been missed.
Upcoming Revenue Cycle Events
We’d love to talk! Here’s where to find us over the next two months:
South Bend Century Center, South Bend IN
Hyatt Regency Coconut Point, Bonita Springs FL
AAHAM MN Gopher Chapter
St. Cloud, MN
Hyatt Regency, Bloomington MN
Milwaukee Marriot West, Waukesha WI
Sheraton Hotel, New Orleans LA
Radisson Hotel, La Crosse WI