The most important aspect of medical billing is facilitating timely payment of providers, and yet the process for reimbursement is one of the most cumbersome in the health care industry. Electronic billing cuts this month‐long paper process down to roughly seven business days by quickly returning clearinghouse and payer‐generated reports, but the rising costs associated with getting paid are far ...
Computer assisted coding (CAC) is growing rapidly in the ambulatory setting, which prompts many administrators, coding managers, and HIM professionals to ask whether CAC can also be successful in their hospital? Looking at the successful deployment of CAC in the ambulatory setting one might expect that CAC should produce immediate benefits when applied to the hospital coding environment. However, ...
For most IT departments, a Windows® 7 migration is inevitable. Like many consumers, a healthy percentage of businesses never migrated from Windows XP to Windows Vista®, and now the days for XP are numbered. IT must ensure Windows 7 is fully in the door and XP is fully out well before the 2014 cut-off for extended support arrives.
According to Annette Jump of Gartner®: “The negative image of ...
Electronic Health Records (EHR) Management and Challenges in Long Term Care Industry
The four most critical challenges faced by the Long Term Care industry today.
Emergency department information systems (EDIS) are
appearing in more and more emergency departments (EDs), and their many features make them useful tools. The cost of these systems can impact purchasing and implementation decisions; determining their prospective ROI, however, can be difficult.
For the busy academic teaching ED at Duke University Medical
Center, implementing an EDIS, such as ...
Line managers and finance staffs are frustrated by the inadequacies of spread- sheet based planning systems for delivering useful budgets and rolling fore- casts. A major problem is the disconnect between the operational elements of a business and financial plans. In particular, managers have difficulty forecast- ing headcount and expenses because spreadsheet templates do not contain models that ...
Shrinking margins. Escalating debt. Uncollected payments. These are just a few of the challenges that keep a healthcare executive up at night and struggling to keep hospital doors open. But with the healthcare industry treading water under the weight of considerable financial strain, it’s an unpleasant reality for many. Not only is it difficult to admit defeat but it is even more disconcerting to ...
SEVEN STEPS TO IMPROVE THE FINANCIAL HEALTH OF YOUR ED
Is your ED in need of critical care? Seven Steps to Improve the Financial Health of your ED
Emergency care providers face many opposing forces that impact both their ability to provide quality care and to maximize financial performance in the Emergency Department (ED). From ED overcrowding to increasing patient volumes, these trends are not ...
With company valuations in the dumpster and credit markets tight, the eco- nomic crisis is forcing hard looks at revenue sources and spending across the board. The economy aside, old ways of doing business are continuously chal- lenged by competitors with innovative business models enabled by the inter- net.
These and other socio-economic trends are pressuring finance teams every- where to make ...
This paper explores how a technology implementation in internal medical billing depart- ments and at third-party billing companies can deliver a significant return on investment with faster collections, quantifiable cost reductions and significant productivity gains. This report documents the return on investment of implementing a best-of-class electronic document management solution.
We ...
This short video-demo illustrates best practices for hospital budgeting. See how hospitals are moving beyond spreadsheets in order to develop budgets and ...
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