Posts Tagged ‘revenue’
Professional Fee Coding is the Next Big Risk to Your Organization – Eliminate These Risks to Save Your Bottom Line
The risks of inaccurate professional fee coding could be detrimental to your organization’s revenue and overall success. Follow these steps to eliminate those risks and save your bottom line.
Read MoreEnd of The Fiscal Year Push!
Every organization associated with Health Information Coding has felt the pressure to catch everything up at the end of the Fiscal Year. It helps to understand what is at stake and how you can help. Some Fiscal Years (FY) correspond to the calendar year, while others start/end at times established for taxing and accounting purposes. Annual Financial reports are generated during this time to show the success or failure of the organization to meet its goals and expectations.
Read MoreClinical Documentation Integrity Significance in Revenue Cycle Management Success in Healthcare
Revenue Cycle Management can be thought of as the method of transportation to take an organization from one place to where it needs to go. For the transport to occur successfully and be operationally sound, the processes in place to support it must be accurate and deliberate.
Read MoreCase Study: To Query or Not to Query … The Power of a Data-Driven Query Program
Across healthcare, the majority of hospitals or healthcare systems have incorporated query programs; however in many cases they are driven solely from a compliance perspective. We’ve prepared a case study using data gathered over the past couple of years, in order to reach an undeniable conclusion: it’s not about the why, it’s about the how.
Read MoreRevenue Loss Declining Faster than Not-for-Profit Hospitals’ Cost Reductions
Analysts share alarming facts about revenue loss and trends in the past couple of years; the growth in expense reduction is slower than revenue decline. This is affecting Not-for-profit hospitals tremendously.
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