revenue cycle management

Rev Cycle Documentation Errors Add Up to Almost $5M, OIG Says

By Amanda Norris for Health Leaders Now is the time to shore up your revenue cycle as some providers may need to pay for incorrect modifier usage. According to the recent report by the OIG investigating instances of incorrect co-surgery and assistant-at-surgery modifier usage, 69 of 100 sampled procedural services did not meet federal requirements. An additional…

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Consumers willing to pay more for quality healthcare, survey finds

By Jeff Lagasse for Healthcare Finance Quality can go a long way in determining if a consumer is willing to pay more for their healthcare, as indicated by new survey responses published by revenue cycle company AKASA. Out of more than 2,000 respondents, the survey found that 57% would pay more for a higher quality…

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Hospitals to experience financial strain over the next decade, report says

By Susan Morse for Becker’s Hospital Review Hospitals will experience a slowing of inpatient admissions but an increase in the length of adult inpatient stays, the latter being fueled in part by long COVID-19 and a rise in chronic conditions, according to a new report from Vizient and its subsidiary Sg2. This will lead to greater financial…

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9 ways machine learning can revolutionize healthcare

By Georgina Gonzalez for Becker’s Hospital Review Machine learning can improve healthcare from streamlining administrative processes to carrying out medical and diagnostic analyses, Analytics Insight reported April 30. Here are nine areas of healthcare in which machine learning can be deployed to make meaningful differences: Machine learning can be used to create precision, personalized medicine by predicting specific…

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The best way for hospitals to avoid revenue loss: 2 execs weigh in

By Katie Adams from Becker’s Hospital Review U.S. hospital margins are remaining narrow, prompting healthcare revenue cycle leaders to examine their processes and make sure no money is falling through the cracks. Donna Ellenburg, revenue cycle director at Birmingham, Ala.-based Grandview Medical Center, said hospitals can avoid losing revenue by adhering to the following process: verifying…

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