Payments

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…

Read More

Check Fraud: The Corporate World Provides a Big Target

By orbograph / October 16, 2018 / 0 Comments

While the consumer “civilian” world has pretty much learned and accepted the “don’t take checks from strangers” rule, the corporate world is both slow to adopt that guideline — and often unable to. This is due to the fact that suppliers like the “float” advantage they enjoy with check payments. (“We paid you on Tuesday…

Read More

The Role of a Revenue Cycle Management Specialist Has Evolved

By orbograph / October 11, 2018 / 0 Comments

As this Hospital CFO Report post illustrates, RCM Management job openings are available all over the country. But what are the new challenges that a Revenue Cycle Management Specialist face in the evolving world of medical billing? One emerging area of focus is a firm grasp of The Medicare National Correct Coding Initiative (NCCI; also known…

Read More

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…

Read More

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…

Read More
check fraud

Millennials Become Targets…for Check Fraud

By orbograph / September 12, 2018 / 0 Comments

There are many reasons for the resilience of checks (including the small- and mid-sized businesses that rely on the paper check’s “float” for accounting purposes), but one important factor has been fear of fraud and security risks in newer digital transactions. Digital transactions are indeed growing at a rapid rate — particularly among millennials, many…

Read More
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…

Read More
value-based payments

Value-Based Payments See Momentum – Electronic Payments Not So Much

By orbograph / August 30, 2018 / 0 Comments

We’ve made note of the shrinking usage of fee-for-service models in healthcare billing ecosystems, and now it looks as though the emergent model, value-based payments, is not only growing in deployment but actually delivering benefits to both sides of the transactional equation. As explained by RevCycleIntelligence.com: Value-based care is a form of reimbursement that ties payments…

Read More
EHR

Direct Patient Benefits via EHR

By orbograph / August 23, 2018 / 0 Comments

One of the positive repercussions of wider adoption of Revenue Cycle Management (RCM) platforms is the accelerated implementation of sophisticated Electronic Health Record (EHR) technology (back in 2013 we noted that the HITECH Act had stimulated the adoption of EHR and Health Information Exchange (HIE) solutions). EHR Intelligence reports that the wider adoption of electronic health…

Read More

Blockchain – Overhyped or Colossal Potential?

By orbograph / August 21, 2018 / 0 Comments

Various applications of blockchain technologies have been hyped and praised, and nearly everywhere you look, there is a company or start-up touting the benefits of the tech. Auditing and tax-services firm Deloitte conducted a survey called Breaking Blockchain Open wherein several aspects of blockchain were covered. In their analysis, Ambcrypto.com points out that, while 84% of…

Read More