Revenue Cycle News Update – March 7, 2019
Revenue Cycle News Update for March 7, 2019
Welcome to our first revenue cycle news roundup of March, 2019. This regular feature showcases the most vital recent news stories in healthcare IT and revenue cycle management.
Here as always 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
Identifying insured patients who are Medicaid eligible can increase hospitals’ revenue recovery by as much as 10 percent per year.
Our insurance eligibility verification system connects seamlessly to hundreds of payers and health plans, including Medicare and Medicaid, helping you find that coverage up front at check in!
Hospital bad debt from Medicare fell by 10 percent a year when providers found Medicaid eligibility for insured patients, a new analysis finds.
Medicare and Medicaid showed slower health spending growth per enrollee than private health insurance.
Whether it’s Medicare, Medicaid, or private coverage, our insurance eligibility verification system helps you identify all of the benefits your patients are eligible for. Schedule a demo today.
“What’s covered” is Medicare’s official mobile app, available for free in Google Play and the App Store. It delivers general cost, coverage and eligibility details for items and services covered by Medicare Part A and Part B.
The apps tells patients what’s covered, and providers can use our insurance discovery software to help patients understand all the coverage they have.
First “CMS: Beyond the Policy” podcast explains physician fee schedule for 2019, in a conversational format.
Private Payer News
As providers engage in complex payment models and collect more from patients, they must learn to automate key functions to improve healthcare revenue efficiency.
Making it easy for registration staff to quickly and easily verify the patient’s insurance benefits at check in is the first step in efficient revenue cycle management for all types of healthcare providers.
With most providers now using an EHR system, healthcare organizations are starting to turn to the process of modernizing their revenue cycle technology in an effort to support value-based care.
And as we’ve noted, effective revenue cycle management (RCM) solutions are crucial in helping hospitals and other providers make the transition to value-based reimbursement. Yet at least one-quarter of U.S. hospitals do not have an effective healthcare RCM solution in place.
Most employers are integrating health, dental, vision, pharmacy, and other benefits to improve outcomes and lower costs.
Integrated coverage is yet another reason it’s important to be able to verify all of a patient’s insurance benefits and coverage eligibility quickly and easily, up front at check in.
Upcoming Revenue Cycle Events
We’d love to talk! Here’s where to find us over the next few months:
March 7, 2019
Memorial Medical Center, Springfield IL
Holiday Inn and Conference Center – University Area, Charlottesville VA
Hilton Richmond Hotel & Spa, Richmond VA
March 27-29, 2019
Pinehurst Resort, Pinehurst NC