Medical Lockbox

Study: Almost One-Third of Hospitals Lack Revenue Cycle Tech or Automated Remittance Posting

By orbograph / October 18, 2018 / 0 Comments

A study from Eliciting Insights shows that, while adoption of revenue cycle technology is brisk, some medical facilities are hesitant to adopt automated remittance posting in spite of its proven ability to solidify the bottom line in challenging times. Based on survey responses from 179 hospital revenue cycle executives, here are some takeaways as reported on Becker’s Hospital CFO…

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Artificial Intelligence (AI) Steps Up in Healthcare

By orbograph / September 27, 2018 / 0 Comments

An article produced by Intel outlines the ways Artificial Intelligence — AI — solutions can be deployed while using an organization’s existing technological infrastructure. The result is maximum gain with minimum expense and downtime. Watch this video for an interesting perspective on AI utilization. Intel’s article outlines three key areas where enterprises are experimenting with AI…

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Rural Hospital RCM Challenges Require Straight-Through Processing

By orbograph / September 25, 2018 / 0 Comments

In an environment where value-based reimbursement performance presents challenges to even the most “metropolitan” of hospitals and healthcare facilities, rural hospitals find themselves facing challenges heightened by their specific set of circumstances. As RevCycleIntelligence reports: Despite serving as a critical healthcare safety net for millions of patients, many rural hospitals are constantly on the brink…

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10 Things to Know About the CMS’s Proposed Outpatient Payment Rule

By orbograph / September 14, 2018 / 0 Comments

The Centers for Medicare and Medicaid Services released its 2019 Medicare Outpatient Prospective Payment System proposed rule on July 25th, which calls for site-neutral payments and would make changes to the 340B program. For the adventurous, a 760-page explanation is here. For the rest of us, Becker’s Hospital CFP Report offers 10 things to know about the…

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CPT codes

AMA Adds Connected Health CPT Codes; Will It Yield More Revenues?

By orbograph / September 7, 2018 / 0 Comments

The American Medical Association (AMA) updated the Current Procedural Terminology code set (CPT codes) in 2019 to include new codes for connected health services in an effort to encourage the Centers for Medicare and Medicaid Services (CMS) to pay for the services. According to RevCycleIntelligence.com: The 2019 CPT code set contains 335 changes that will…

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Patients Owe More – Education Needed For Collections

By orbograph / July 12, 2018 / 0 Comments

Pressure will continue to rise on Revenue Cycle Management services and technologies as the amount patients owe after an insurance settlement continues to rise as well, according to an article at Health Data Management. An analysis by TransUnion Healthcare, released in conjunction with the annual meeting of the Healthcare Financial Management Association, found that patients…

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The Promises of AI & Advanced Analytics

By orbograph / July 6, 2018 / 0 Comments

Healthcare IT News reports communicates an AI and analytics path for healthcare organizations, but as you read, there is a bit of a paradox at work… Expect next-generation revenue cycle management systems to boast quite advanced analytics, said Kellye Sherbet, president of RCM services at Aprima Medical Software, which markets EHR, practice management and revenue…

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2018 Conference Highlight: Payment Reconciliation Realities

By orbograph / June 5, 2018 / 0 Comments

One of many highlights from our 2018 Healthcare and Check Payment Technology Conference in Nashville, TN, was Wayne Koch’s presentation exploring The Future of Healthcare Payments. We’ve borrowed the great visual metaphor that Koch used in his presentation: Very often, the amount of reconciled and unreconciled payments that current systems recognize are merely the tip of…

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orbonians

Healthcare and Cybersecurity – A Reminder via Facebook to Remain Vigilant

By orbograph / March 26, 2018 / 0 Comments

It shouldn’t take news of a massive data breach on Facebook to remind people in all industries – – particularly healthcare – – that we must remain absolutely vigilant when it comes to security and privacy requirements. As Rosemary McKenna states in her blog at Lexology: Nary a week goes by without news of a data…

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Report: Big Revenue Cycle Investments for Services Ahead

By orbograph / February 2, 2018 / 0 Comments

A new report from Future Market Insights has predicted that the global market for healthcare revenue cycle management software will reach $ 43.3 billion by the end of 2022. The global healthcare revenue cycle management software market is projected to soar at a compound annual growth rate of 6.9 percent during the 2017-2022 forecast period. Healthcare IT News analyzes…

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