By: Tammy Worth
In this article published in Renal & Urology News, Tammy worth explains the ways that practices can improve collections of what patients owe.
Benchmarking: Creating a culture of Accountability, while fostering healthy Revenue Cycle Performance
A white paper explaining the importance of identifying KPIs and setting benchmarks in today's healthcare environment
West Virginia HFMA 2016 Revenue Cycle Spring Workshop
Guest Speaker: Michelle Tremé, Senior Consultant at Revenue Cycle Solutions
A detailed overview of how hospital Patient Access departments can improve collections while patient financial responsibilities continue to rise.
A Multi-Faceted Approach to Successful PreService Collections for Hospitals
By: Michelle Tremé, Senior Consultant at Revenue Cycle Solutions
Featured in: West Virginia HFMA Newsletter February 2016
3 Ways Hospitals Can Help Patients Handle Out-of-Pocket Costs
Released November 18, 2015
Revenue Cycle Solutions recommends three ways hospitals can help their patients handle higher out-of-pocket costs and help themselves by getting their revenue cycle back on track.
Hospitals and health systems should take the following steps to improve their revenue cycle performance:
Hospital Access Management
Vol 32, No 9
Capturing Lost Revenues, Best Practices for Minimizing Managed Care Denials
Revenue Cycle Solutions Consultants are industry recognized experts who are frequently called upon for input to industry guides and manuals.
Revenue Cycle Management, Health Leaders - April 2007
Providers have an opportunity to increase revenues by up to 5 percent through improved RCM practices. Even more good news: Achieving positive revenue gains with an effective RCM strategy is well within providers' reach.
The economy-busting revenue cycle
Financial hardship has touched the healthcare industry, along with the rest of the U.S. economy. According to a report from the Health Financial Management Association (HFMA), more than half of hospitals surveyed reported negative total margins between June and December 2008.
Revenue Cycle H-Pass Accoutrement
Recent discussions and surveying of CEOs regarding Hospital Council's strategic plan have consistently ranked "assisting members with the impact of reform" as the top priority. This is obviously a rather large undertaking as the legislation is far reaching in its requirements of providers.
Fall Scroll - Pat teta
In an attempt to compensate for sagging Inpatient revenue, hospitals
nationwide are increasing their marketing efforts for imaging and other outpatient services. Before sending your physician liaison out knocking on doors, be sure the proper infrastructure is in place for revenue cycle departments to deal with any sudden increase in volumes. If you have a centralized scheduling call center, that's the best place to start.
Revenue Cycle Reprint
(Western pa hospital news)
Watauga Medical Center in Boone, North Carolina was facing an uphill battle in late 2007. With annual operating losses approaching $3.5 million, the community hospital had only 50 days of cash on hand and accounts receivable were languishing at 77 days.
Spotlight on Financial Health: Revenue Cycle Solutions, LLC
Revenue is the life blood of every facility. It's time to check your hospital's financial health. Revenue Cycle Solutions, LLC is offering a special rate to NRHA members for a short time only.
CASE STUDY - PATIENT ACCESS REVIEW
Lack of adequate time and resources has led to an ongoing struggle for hospitals to establish and maintain adequate patient access procedures stemming from constant government.third-party insurance changes, staff turnover, training, and system limitations.
CASE STUDY – REVENUE CYCLE AT RURAL HOSPITALS
What do Philipsburg, Braxton, Kane and Corry hospitals all have in common? Size is the first thing that comes to mind, because each hospital has less than 50 beds. Location can't be the answer, because Braxton is in West Virginia and the others are in Pennsylvania.
The Source Newsletter April 2005
West Virginia Health Systems Braxton County Memorial Hospital had the same concerns and challenges as other mid-sized hospitals in West Virginia - how to keep up with the best practices in patient accounting and improve its cash flow." Revenue Cycle Solutions provides virtual manager services.
Three Rivers Reflections - Fall/Winter 2004
The average hospital currently participates in 38 managed care contracts. These contracts can significantly impact the cash flow and bottom line of a hospital, yet very few Patient Account Managers or CFO's review them, completely understand them or monitor their performances.
Three Rivers Reflections
Hospitals must carefully evaluate internal and outsourcing options for working denials, and assess the associated cost vs. outcome for each option.