Top Concerns for Hospital CEOs & CFOs With the new fiscal year just beginning for many hospitals, strategic and financial planning for the next several months is starting to take shape. Among the many issues facing CEOs and CFOs is COVID-19’s effect on operations,...
Hospitals risk losing millions of net patient revenue as a result of denials due to incorrect coding or billing each year. Maintaining an accurate hospital chargemaster (CDM) is key to revenue integrity and denial prevention. It’s also crucial for successful price...
With the height of the pandemic, hospitals saw volumes of patients served crash and the payer mix vastly change. Revenue predictability has largely changed in 2020 as out-patient surgeries declined and unemployment increased. Being able to predict monthly revenue...
The Centers for Medicare and Medicaid Services was directed to announce two rules that take “historic steps to increase price transparency to empower patients and increase competition among all hospitals, group health plans and health insurance issuers in the...
Now that you have a Price Transparency committee, you can start to delve into the details of creating your plan to move forward to achieve Price Transparency. As we await the final rule to publish, your analysts can start to suss out the data that your facility...
Now that the public comment window has closed on the 2020 OPPS proposed rule, we’re less than a month away to seeing the rule finalized, due out on November 2, 2019. Moving forward with becoming price transparent as an organization is in your hospital’s best interest,...