By Dan Ward – In this era of razor-thin margins and rapid changes in reimbursement methods, it is imperative that healthcare organizations capture every charge representing the care provided. and that those charges are properly billed so that they will be paid the dollars they have earned.
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By Crystal Ewing – It doesn’t matter if you’re big or small, urban or rural, for-profit or nonprofit – no hospital or healthcare system can afford revenue leakage. You may know the most common sources of leaks; you may even know which ones are most likely to affect your organization.
By Crystal Ewing – Revenue leakage – defined in this case as the loss of reimbursement due to RCM issues or inefficiencies – has long been an issue in healthcare. McKinsey & Company reports that today these inefficiencies consume 15 cents of every healthcare dollar.