Posts Tagged ‘ROI’
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 MoreHow to Improve the DNFB Benchmark for a Positive Impact on Revenue Cycle
One of the biggest revenue-killers for healthcare providers is DNFB accounts. DNFB (DNFB meaning “discharged, not final billed”) – defines unbilled accounts where the patient has been discharged from the healthcare facility, but the final bill from the encounter has not been submitted. The cost effects of outstanding DNFB accounts and claims denials are staggering, and can negatively impact the providers’ cash flow and potential net revenue. So, what are the best practices to reduce DNFB days and claims denials?
Read MoreContinuing Education: Coder Retention and Return on Investment
According to LinkedIn’s 2018 Workplace Learning Report, 94% of employees would stay at a company longer if it invested in their career. This staggering percentage is just one major reason why more employers are making continued education in the workplace a top priority. In order to avoid employee turnover, managers are searching for different ways to keep their employees involved and satisfied, professionally.
Read MoreUrgent Care Boom Equates to Increase in Hospital’s Revenue per Admission
Over the course of the last decade, U.S. hospitals are continuing to expand their urgent care clinic networks. According to a NPR/Kaiser Health News report from December 2017, the primary goals for adopting a more decentralized approach through urgent care facilities include: Expanding the footprint/brand of the health system (at a discounted rate); Generating new referrals; Keeping patients out of the ED (40% of ED visits nationwide DO NOT require Emergency Services); and boosting patient satisfaction.
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