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Top 5 Ways to Optimize Healthcare Revenue Cycle Management

Posted by Stephen O'Connor

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Healthcare Revenue Cycle ManagementThe following excerpt is from an article found RevCycleIntelligence.com. It was written by Vera Gruessner.

Revenue cycle management remains relatively elusive in the new healthcare landscape, as new regulations and reforms have led the industry to evolve and left many hospitals scrambling to keep their revenue strong in a value-based care reimbursement model.

Today, technology platforms can play a role in assisting providers, payers, and consumers communicate and interact more efficiently, which will lead to a more durable revenue cycle management strategy. There are several key areas that revenue cycle managers could focus on to ensure their medical facility optimized their reimbursement.

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The Difference Between Population Health & Public Health

Posted by Stephen O'Connor

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Difference Between Population Health & Public HealthThe success of any given country or even a civilization over the long run has a great deal to do with the overall health of its people. By paying close attention to the medical prospects of a group in the face of common ailments, for example, researchers can detect patterns and come up with methods to treat emerging problems before they get too out of hand. 

From controlling the number of people who fall ill to infectious diseases to dealing with the growing issue of violence in crowded cities, monitoring the health of groups is an important aspect of our medical system. 

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3-Letter Acronyms You Need to Know: HIE, ACO, MSO, IPA, RCM

Posted by Stephen O'Connor

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HIE, ACO, MSO, IPA, RCMIn a profession like medicine where there are so many unique terms and important phrases to use on a regular basis, doctors, nurses and others find themselves using acronyms to speed up communication. 

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Boost Your Practice's Revenue with These Medical Billing Tips

Posted by Stephen O'Connor

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Medical Billing TipsWhile you may not have gotten into the medical business primarily to make money and are more focused on patient care and improving the general health of your community, it would be nice to have appropriate business processes in place to help you keep the lights on.

Factors that are difficult or impossible to control for include the local economy, the demographics you serve and the current state of the insurance industry. What you can do, though, is make changes in your organization that will lead to a better flow of payments. With that in mind, here are medical billing tips to help boost your practice’s revenue.

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Defining the Top 10 Terms of Healthcare Revenue Cycle Management

Posted by Stephen O'Connor

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Healthcare Revenue Cycle ManagementThe following excerpt is from an article found on Revcycleintelligence.com. It was written by Catherine Sampson.

In some cases, definitions for terms and acronyms related to healthcare revenue cycle management can come across as fairly straightforward. Other times, they can sound more like a foreign language. A healthcare professional may find it difficult to fully comprehend various acronyms, such as MIPS and MACRA, as various agencies word their definitions/interpretation of laws slightly differently.

Listed below are definitions as well as supporting details for phrases that come up all over the place for anyone who does a Google search on “healthcare revenue cycle management.

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The Importance of Reporting PQRS Data

Posted by Stephen O'Connor

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shutterstock_64569001-049377-edited.jpgAs part of its efforts to control costs and improve how we provide healthcare to people in the United States, the government established a program designed to open floodgates of information from medical organizations. The Physician Quality Reporting System or PQRS is a program through the Centers for Medicare and Medicaid Services. 

Doctors working in their own practice or in a group practice are encouraged to provide reports to show what quality of care they offer to patients through Medicare. This information is valuable and the government established incentives to encourage participation. With that in mind, read on to learn more about the importance of reporting PQRS data.

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3 Ways Patient Portals Can Improve Your Practice's Efficiency

Posted by Stephen O'Connor

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shutterstock_301829987-489904-edited.jpgEfficiency should be the name of the game at your medical practice, but not at the expense of giving patients less time and attention, of course. Areas where you can make up the time include patient communications with staff, issuing lab results and carrying out data entry.

For many busy medical practices that already have set up electronic health record software, adding a patient portal to the mix is an ideal way to streamline common procedures and save both staff and patients a lot of time and effort. If you have been on the fence about using an EHR and a portal, read on for three ways patient portals can improve your practice’s efficiency.

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4 Ways to Improve Quality Care with Chronic Care Management Services

Posted by Stephen O'Connor

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Chronic Care ManagementIt has been a little more than a year since the Centers for Medicare & Medicaid Services or CMS began paying for chronic care management services separately under its Medicare Physician Fee Schedule. The new payment scheme began January 1, 2015.

This is something worth paying attention to, since approximately two out of every three patients on Medicare are contending with at least two chronic conditions, according to a recent report from CMS. 

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Practices Should Focus On A Few Improvements with a New EHR

Posted by Stephen O'Connor

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EHRThe following excerpt is from an article found on Health Data Management. It was written by Joseph Goedert.

Physician practices that implement new electronic health records/practice management system should use them to target a short list of efficiency goals and clinical outcomes to gain the biggest initial impact from their investment, an expert in implementing these systems advises.

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What Your Practice Should Know About Transitional Care Management

Posted by Stephen O'Connor

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Transitional Care ManagementThe type of medical organization you run has a great deal to do with whether many of your patients will require transitional care management, but TCM is an issue you should stay on top no matter how often it comes up of because industry and government updates can influence the way you do business.

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