Revenue Cycle News Update – November 1, 2019
This regular feature showcases the most vital recent news stories in healthcare IT and revenue cycle management.
Here 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
A recent study found that 12 pieces of legislation and Medicare/Medicaid changes are estimated to decrease federal hospital reimbursements.
CMS Opens Apps for Kidney Care Model
CMS started to accept applications for a new alternative payment models focusing on kidney care. The Kidney Care Choices (KCC) Model is a voluntary alternative payment model run through CMS’ Innovation Center (CMMI) that will tie provider reimbursement to value and incentivize providers to improve chronic disease management.
CMS’ final rule on price transparency is expected to come out in November, but there are steps healthcare organizations can do to begin preparing now.
Private Payer News
Healthcare payments are moving away from fee-for-services, with 25.1% linked to value and quality and 35.8% tied to bundled payments, shared savings, and other alternative payment models.
New study finds hospitals should obtain more valuable data insights, set performance improvement goals and better engage physicians.
Making the process more palatable for consumers can help to avoid revenue leakage and lawsuits
Upcoming Revenue Cycle Events
We’d love to talk! Here’s where to find us over the next few months:
- November 10-12: HFMA Region 9 Annual Conference, New Orleans
- December 4-6: VA AAHAM Annual Meeting, Williamsburg, VA
- December 4-6: IL AAHAM, Peoria
- January 12-15: HFMA Western Region Symposium, Las Vegas