As the COVID-19 pandemic continued to wreak havoc worldwide, hospitals and health care systems were increasingly at risk for financial crisis as they faced organizational challenges.
Payer prior authorizations are expensive and administratively daunting. A high failure rate lowers care outcomes and drains revenue. However, we’ve found that process discipline and automation unshackles clinical staff, with big boosts to care quality and revenue.
The year 2020 offered the difficult realization that the lack of sufficient public health data systemically hindered the U.S. healthcare infrastructure’s ability to timely fight a pandemic.
Anesthesiology practices are particularly vulnerable to Medicare audits because of the unique complexities of the billing process when it comes to time calculation, coding, and other areas.
Revenue cycle processes have had to continuously evolve over the years to keep pace with the rapid changes occurring in the healthcare industry. As a result, RCM vendor partners are now utilizing technology that hospitals do not have access to on their own.
In the 2003 film, “Lost in Translation,” character Bob Harris, played by Bill Murray, struggles to communicate effectively with a Japanese director while filming a commercial.
Best-selling author and physician Eric Topol wrote, “If I think more about death than some other people, it is probably because I love life more than they do.” (The Patient Will See You Now; 2015).
There are approximately 171.1 million unemployed people in the world. How do we introduce more of this potential global workforce into the economy at large? How do we shape, design, even create markets around the targeted goal of elevating the world’s most disadvantaged?
According to the 2019 statistics released by CMS for “Common Causes of Improper Payment Error Categories”: 59.5% of cases are due to insufficient documentation
