By Lisa T. Miller MHA – Robust cost management is now imperative for every hospital. Adopting the 4 P’s of a successful hospital cost savings strategy can help to drive margin improvement across your hospital.
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By Matt Rolfes – The shift toward greater patient financial responsibility is not slowing in healthcare. This trend—predicted by experts and underway for several years now—continues to tilt the reimbursement scale away from insurance claims and onto the patient.
By Mark Spinner – The move toward an omnichannel communications strategy in revenue cycle—from secure texts to online chat, patient portals and phone support—creates a customized experience that boosts patient satisfaction and financial engagement.
By David W. Johnson – In the classic “Casablanca,” cynical restaurateur Rick Blaine operates Rick’s Café Américain in occupied French Morocco during WWII. In an iconic scene, Louis tells Rick that he’s closing his establishment because he’s “shocked, shocked to learn there’s gambling in the cafe” just as a casino worker hands Louis his winnings.
By Sanjay Seth, MD – It was recently calculated the United States spends $3.8 trillion – or 18 percent of the national economy – on healthcare. The current healthcare landscape indicates this spending rate will not slow anytime soon due to the COVID-19 pandemic, an ongoing healthcare crisis.
Medicare’s largest alternative payment model produced its highest annual savings to date in 2020, while continuing to provide high-quality care, as shown by performance data released by the Centers for Medicare & Medicaid Services.
Latest news being reported on payers and the health insurance industry including news from Aetna, CVS Health, UnitedHealth Group, Humana, CareSource, Medica, Oscar Health, AHIP and more.
By Pamela J. Gallagher – Healthcare organizations spend tens of millions on sophisticated data collection and storage, yet it is hard to define what data is worth to an organization. What is its true value? This depends entirely on how the organization uses it.
By David Burda – I’d bet my family annual out-of-pocket maximum of $3,000 under my Blue Cross HMO that no other industry spends more on billing and collections than healthcare. Revenue cycle management, hospitals, health systems and medical practices spend billions a year to collect every dime they are owed.