Management
Last month, the consulting company Navigant published insights titled “5 Pain Points for Revenue Cycle Executives”, based on a survey of Hospital Revenue Cycle Executives conducted in partnership with the Healthcare Financial Management Association (HFMA) and prepared by professionals with direct experience working with healthcare professionals in executive and revenue cycle leadership. As reported via…
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A session entitled “The Mix of IT, Revenue Cycle and Analytics” at the Becker’s Hospital Review Health IT + Revenue Cycle conference in Chicago in October offered insights of healthcare executives discussing the importance and urgency in solidifying partnerships between the IT and revenue cycle departments of a healthcare organization. Panelists present were Shon Brink,…
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The Medical Lockbox is an essential part of the AR process as it is the first touchpoint where paper-originated insurance remittances, payments, and patient payments are received. However, recent new technologies like AI and Deep Learning are evolving the once legacy system into a high-valued, innovative platform that provides healthcare payments professionals with the ability…
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This summer, price transparency advocates finally made progress with a new executive order on “Improving Price and Quality Transparency in American Healthcare to Put Patients First”. In a RevCycleIntelligence article, several hospitals warned that prices may actually increase with such an order — not surprising, in that reforms many times have unknown ramifications due to…
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Jack Henry & Associates Inc, a provider of technology and payment processing services for the banking industry based in Missouri, recently announced the retirement of their executive vice president and chief technology officer, Mark Forbis. Mark began his career in 1982 with Systemics. He was named vice president and CTO at Jack Henry in 2006…
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Healthcare IT News interviewed key interoperability executives from four high-profile EHR vendors – Cerner, DrChrono, eClinicalWorks, and Epic Systems – and discussed how they address system interoperability and overall health IT interoperability. Epic, for instance, offers its Happy Together feature, which allows patients and providers to see data from multiple sources in a single, merged…
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As technological innovation continues to evolve society, so does the way it affects society’s interaction with businesses, including their banks!
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The healthcare industry contains a number of different standards development organizations (SDOs) which create, define, update, and maintain health data standards through collaborative processes that involve health IT users. SDO’s are well regarded as they promote interoperability and heightened efficiency. However, lack of widespread adoption and use lessen the effectiveness of existing standards, according to…
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A new Navigant analysis has found that over 60 percent of hospitals and health systems are not realizing optimal value from their EHR system.
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Want to go deep on financial fraud and crime, and learn the difference between the two while also learning about the role of modern cybersecurity tools in curtailing both? Get comfortable and spend some time with this comprehensive article from McKinsey & Company covering Financial crime and fraud in the age of cybersecurity. Their analysis…
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