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SIS Blog

Revenue Cycle Management

5 Quick Tips to Improve Your Hospital Revenue Cycle Management

Even small improvements to your hospital's revenue cycle management (RCM) can deliver significant boosts to your bottom line. After all, once you make a positive change, and assuming it's sustained, you will reap the benefits indefinitely.

Here...

Software Solutions for Each Element of Your Revenue Cycle Management

In a previous article, “What is Revenue Cycle Management?”, we walked you through the steps of an ambulatory surgery center's (ASC's) successful revenue cycle management (RCM) process. While it is helpful to understand all that a comprehensive...

4 Things to Look for in a Revenue Cycle Management Consulting Firm

There are many reasons your ASC may struggle with its revenue cycle. Maybe changing payor policies and regulations are causing denials and slow reimbursements? Maybe your patients are not properly educated about their financial responsibility?...

What is Revenue Cycle Management?

Revenue cycle management (RCM) is a term that is so ubiquitous in healthcare that, at times, the full breadth of what it entails and its importance can be lost. So, I thought I’d use this post to discuss a seemingly simple question: “What is...

4 Revenue Cycle Solutions for Your Biggest Challenges

Any seasoned ASC administrator or business office manager knows that the cornerstone of a financially stable ASC is a strong revenue cycle. However, ASCs face greater financial pressure, with challenges such as increasing patient out-of-pocket...

Your Guide to Process Improvement in the OR

While operating rooms are critical for patient care, they are also important to a hospital’s profitability as the OR is known as a key revenue generator in any facility. Where is the potential to optimize the OR’s revenue? The answer lies in...

3 Reasons Why Technology is a Revenue Cycle’s Best Friend

Think about the last time you had to take your car to the mechanic. You might not have agreed with the amount of work they said needed to be done or felt that they were charging you for some extra, not-really-necessary services, but they probably...

Recruit, Train, Retain: The Keys to Quality Revenue Cycle Staffing

Revenue cycle management is only as good as the people working toward it. A highly trained, diverse team is necessary to fill the roles required to maintain a healthy cash flow for an ambulatory surgery center. This includes certified coders,...

Amkai Releases Latest Version of ASC Practice Management Solution

AmkaiOffice Version 3.19 delivers enhanced claims management functionality to help ASCs more effectively manage high volumes and optimize productivity

Enhancements to the AmkaiOffice Electronic Remittance Posting (ERP) module enables ASCs to...

Quality v. Quantity: The Hidden Issue That Can Impact Your Revenue Cycle

If you’re an ambulatory surgery center (ASC) trying to navigate changes as healthcare transitions to a value-based system, you know that strong revenue cycle management is more important than ever. But any number of issues can affect a facility’s...

Three Simple Steps to Capturing More Revenue for Your ASC

Rapidly changing industry dynamics, regulatory changes brought on by the Affordable Care Act (ACA) and other legislation, the transition to ICD-10, and increased patient responsibility pose significant challenges to the Ambulatory Surgery Center...

It's a New Year. Is Your ASC Revenue Cycle Ready?

What’s one of the keys to ensuring an organization’s longevity in any industry? Anticipating and adapting successfully to change. This couldn’t be any more true than in healthcare today, especially for ambulatory surgery centers (ASCs) and...

ASC Case Costing: Where Should You Start?

It might sound counterintuitive, but for an ambulatory surgery center (ASC), performing more cases doesn’t always mean making more money. If the total cost of a procedure exceeds the amount a payer will reimburse, the facility is the one that...

Modern Healthcare Names SourceMed Among Top Revenue Cycle Companies

Today I'd like to take a moment to share some exciting news and brag a little. As the leader of SourceMed's Revenue Cycle Services business, I see firsthand every day how our expert team of certified coders, billers and collectors work diligently...

How Proactive Thinking Improves Your Revenue Cycle Health

When it comes to personal health, people typically try to avoid getting sick. We get vaccines, we try to get regular exercise to control our weight and strengthen our hearts, and we wash our hands to avoid communicable disease. "Preventive care"...

Data Integrity, Security & Transparency in the Revenue Cycle

Data. It's a small word for something that plays such a big part in monitoring the health of your revenue cycle. Today, we have the ability to capture and analyze an amazing amount of numbers and statistics at every step of the patient...

Track KPIs effectively with Our 4 Cs

You are working on strengthening your revenue cycle management and you’ve taken the first step: determining the most important key performance indicators (KPIs) to track for your facility.

From the average age of accounts receivable (AR) to your...

Webinar: A 360° View of Value-Based Healthcare

For more than 40 years, healthcare costs in the United States have outpaced other nations. It would stand to reason that outcomes would be better, too. But research reveals that isn’t the case. A 2015 report by the Commonwealth Fund states that...

4 Ways ASCs Control Costs

As healthcare costs continue to rise while reimbursements fall, ambulatory surgery centers (ASCs) have demonstrated an ability to control costs and save money – $38 billion, in fact. A recent study conducted by Healthcare Bluebook™ found that...

The Growing Importance of Data in ASCs

Q&A with Charlie Immordino of Ambulatory Surgery Center Consultants

Charlie Immordino, RN, CASC, is principal and president/CEO of Ambulatory Surgery Center Consultants, LLC, and an Accreditation Association for Ambulatory Health Care surveyor.

The Paperless Plan: How & Why Go Digital in Revenue Cycle Management

As participants in the "Digital Age," countless aspects of our day-to-day lives have evolved with the acceleration of technology. But some areas progress faster than others, and in the case of outpatient healthcare, many facilities are behind the...

The Other KPI that Turns Analytics into Action

Delivering high-quality care while maintaining profitability is the overarching objective of any outpatient facility. We’ve been talking a lot about using KPIs (key performance indicators) to determine the health of your revenue cycle – things...

There's No "I" in Revenue Cycle Management

Ever heard the phrase, "You’re only as strong as your weakest link?" Taken literally, that’s the amount of physical force you need to break a metal chain; and you're not likely doing that at work every day. Metaphorically, it could translate to...

What Drives Key Revenue Cycle Stakeholders

In the business of healthcare, money is necessary to facilitate the exchange of high-quality goods and services  and administration's goal is to make more of it while minimizing spending. Though your entire team may be mindful of profitability,...

Three Places Revenue Cycle and Patient Experience Intersect

Value-based healthcare is shifting our industry in countless ways. In this new era, we have to focus more tightly on the patient experience, including how it affects the revenue cycle.

Like any other business, creating "customer" advocates and...

Building Your Revenue Cycle Dream Team: Woof, Chitter, or Roar?

In outpatient healthcare, revenue cycle management is only as good as the people working toward a strong revenue cycle. From the time you enter a claim to the minute it’s paid, a human chain springs into action. Collaboration is vital, and weak...

3 Simple Rules for Revenue Cycle Efficiency

It's no secret that most people want to hold on to their money for as long as possible. This reality can be particularly difficult in healthcare, where multiple payer types – from patients to insurers to the government – make collecting what's...

Boost Your Bottom Line with Revenue Cycle Analytics

Today, healthcare is almost as much about math as it is about medicine. With value-based medicine replacing the traditional fee-for-service system, reimbursement is increasingly tied to quality care and favorable outcomes. But what does that mean...

Are Your Revenue Cycle Management Processes Evolving?

Did you know that the word "value" appears in Title III of the Affordable Care Act 214 times? Clearly, the idea of value-based healthcare is at the forefront of our industry today, and it’s changing the way many things work in the outpatient...

3 Revenue Cycle KPIs to Watch

In outpatient healthcare, if you’re not thinking about improving your revenue cycle, you’re probably not thinking hard enough. Every dollar counts. Unfortunately, for a variety of reasons, revenue cycle management – obtaining, tracking, and...

Improving ASC Inventory Management - 3 Initial Steps

Three Initial Steps

by Rhonda Hixson, Principle Solution Architect, AmkaiSolutions

ICD-10 Update: How are ASCs doing?

Jessica Edmiston, BS, CPC, CASCC, is the senior vice president of performance review and an AHIMA-approved ICD-10-CM trainer with National Medical Billing Services (NMBS). NMBS provides billing and coding solutions for ambulatory surgery centers...

Could Quick Access to Your Metrics Make Your ASC More Profitable?

Information is power.

This axiom has been at the heart of business, marketing, and risk management for decades. But in today’s world, information alone isn’t as powerful as it once was. Now, the true power of information can only be realized if...

4 Key Areas That Make a Difference in Revenue Cycle Management

In ambulatory surgery centers, obtaining prompt payment from insurers and patients is vital to effective operations. Unfortunately, it is becoming harder to get paid everything you are owed given today’s reimbursement environment.

Simply stated,...

Outsourcing Revenue Cycle Management: Are You Doing a Bad Job?

Outsourcing.

Some see it as an admission of weakness – confirmation that they are unable to effectively and efficiently run their ambulatory surgery center. Others believe outsourcing is a euphemism for loss of control. And then there are those...

Does Your ASC Billing Stack Up?

How much does it cost each year for the average ambulatory surgical center (ASC) to get paid? Although specifics vary by center, costs are growing. The regulatory environment faced by ASCs is a huge driver of fixed expenses, calling for internal...

The Next Five Years: Trends and Strategies for ASCs

By Robert Zasa, Managing and Founding Partner, ASD Management

Robert Zasa, Managing and Founding Partner at ASD Management, has established himself as a premier thought leader in the ASC industry as his career growth has paralleled that of the...

Benchmarking to Focus ASC Performance Improvement 

By Sandra Jones, Executive Vice President and COO of ASD Management

Benchmarking is a key tool for leading ASCs. Through benchmarking, your organization can focus on specific areas for improvement, and demonstrate your success.

Growth of 23-Hour Stay Programs for Ambulatory Surgery Centers 

By Reed Martin, Chief Operating Officer, Surgical Management Professionals

Over the past decade, the goals of better quality and lower cost have caused an expansion in the number and type of surgical cases performed in ambulatory surgery centers,...

How To Manage ASC Billing Processes Like a Pro

Becker's ASC Review's latest article on managing ASC Billing processes is an ode to efficiency and effectiveness. In the busy ambulatory surgery center environment, it's difficult to properly manage billing. Many ASC's are hoping to turn around...

Avoid Major Cash Flow Disruption and Get Prepared for ICD-10

By Heidi Babb, Vice President of Revenue Cycle, Partners Medical Consulting

Minnesota EMR Mandate: What It Means to the Other 49 States?

Spotlight on Minnesota's 2015 Interoperable Electronic Health Record Mandate

By Craig Veach, Sales Executive, AmkaiSolutions

Prepare for the Future: EMR in ASCs

In a report published by Becker's ASC Review titled "4 Things Great ASC Administrators Do to Prepare for the Future," Michelle Dickison, regional vice president, operations, for ASC management and development company Meridian Surgical Partners,...

5 Common ASC Coding and Billing Errors

By Rhonda Hixson, Director, Product Management, AmkaiOffice, AmkaiSolutions

An article recently appeared in Becker's ASC Review describing five frequent coding and billing errors that all ASCs should avoid.

Developing a Superior Product: Q&A with Rhonda Hixson of AmkaiSolutions

Rhonda Hixson is director of product management for AmkaiOffice at AmkaiSolutions.

5 Quick Tips to Improve Your Hospital Revenue Cycle Management

Even small improvements to your hospital's revenue cycle management (RCM) can deliver significant boosts to your bottom line. After all, once you make a positive change, and assuming it's sustained, you will reap the benefits indefinitely.

Here...

Software Solutions for Each Element of Your Revenue Cycle Management

In a previous article, “What is Revenue Cycle Management?”, we walked you through the steps of an ambulatory surgery center's (ASC's) successful revenue cycle management (RCM) process. While it is helpful to understand all that a comprehensive...

4 Things to Look for in a Revenue Cycle Management Consulting Firm

There are many reasons your ASC may struggle with its revenue cycle. Maybe changing payor policies and regulations are causing denials and slow reimbursements? Maybe your patients are not properly educated about their financial responsibility?...

What is Revenue Cycle Management?

Revenue cycle management (RCM) is a term that is so ubiquitous in healthcare that, at times, the full breadth of what it entails and its importance can be lost. So, I thought I’d use this post to discuss a seemingly simple question: “What is...

4 Revenue Cycle Solutions for Your Biggest Challenges

Any seasoned ASC administrator or business office manager knows that the cornerstone of a financially stable ASC is a strong revenue cycle. However, ASCs face greater financial pressure, with challenges such as increasing patient out-of-pocket...

Your Guide to Process Improvement in the OR

While operating rooms are critical for patient care, they are also important to a hospital’s profitability as the OR is known as a key revenue generator in any facility. Where is the potential to optimize the OR’s revenue? The answer lies in...

3 Reasons Why Technology is a Revenue Cycle’s Best Friend

Think about the last time you had to take your car to the mechanic. You might not have agreed with the amount of work they said needed to be done or felt that they were charging you for some extra, not-really-necessary services, but they probably...

Recruit, Train, Retain: The Keys to Quality Revenue Cycle Staffing

Revenue cycle management is only as good as the people working toward it. A highly trained, diverse team is necessary to fill the roles required to maintain a healthy cash flow for an ambulatory surgery center. This includes certified coders,...

Amkai Releases Latest Version of ASC Practice Management Solution

AmkaiOffice Version 3.19 delivers enhanced claims management functionality to help ASCs more effectively manage high volumes and optimize productivity

Enhancements to the AmkaiOffice Electronic Remittance Posting (ERP) module enables ASCs to...

Quality v. Quantity: The Hidden Issue That Can Impact Your Revenue Cycle

If you’re an ambulatory surgery center (ASC) trying to navigate changes as healthcare transitions to a value-based system, you know that strong revenue cycle management is more important than ever. But any number of issues can affect a facility’s...

Three Simple Steps to Capturing More Revenue for Your ASC

Rapidly changing industry dynamics, regulatory changes brought on by the Affordable Care Act (ACA) and other legislation, the transition to ICD-10, and increased patient responsibility pose significant challenges to the Ambulatory Surgery Center...

It's a New Year. Is Your ASC Revenue Cycle Ready?

What’s one of the keys to ensuring an organization’s longevity in any industry? Anticipating and adapting successfully to change. This couldn’t be any more true than in healthcare today, especially for ambulatory surgery centers (ASCs) and...

ASC Case Costing: Where Should You Start?

It might sound counterintuitive, but for an ambulatory surgery center (ASC), performing more cases doesn’t always mean making more money. If the total cost of a procedure exceeds the amount a payer will reimburse, the facility is the one that...

Modern Healthcare Names SourceMed Among Top Revenue Cycle Companies

Today I'd like to take a moment to share some exciting news and brag a little. As the leader of SourceMed's Revenue Cycle Services business, I see firsthand every day how our expert team of certified coders, billers and collectors work diligently...

How Proactive Thinking Improves Your Revenue Cycle Health

When it comes to personal health, people typically try to avoid getting sick. We get vaccines, we try to get regular exercise to control our weight and strengthen our hearts, and we wash our hands to avoid communicable disease. "Preventive care"...

Data Integrity, Security & Transparency in the Revenue Cycle

Data. It's a small word for something that plays such a big part in monitoring the health of your revenue cycle. Today, we have the ability to capture and analyze an amazing amount of numbers and statistics at every step of the patient...

Track KPIs effectively with Our 4 Cs

You are working on strengthening your revenue cycle management and you’ve taken the first step: determining the most important key performance indicators (KPIs) to track for your facility.

From the average age of accounts receivable (AR) to your...

Webinar: A 360° View of Value-Based Healthcare

For more than 40 years, healthcare costs in the United States have outpaced other nations. It would stand to reason that outcomes would be better, too. But research reveals that isn’t the case. A 2015 report by the Commonwealth Fund states that...

4 Ways ASCs Control Costs

As healthcare costs continue to rise while reimbursements fall, ambulatory surgery centers (ASCs) have demonstrated an ability to control costs and save money – $38 billion, in fact. A recent study conducted by Healthcare Bluebook™ found that...

The Growing Importance of Data in ASCs

Q&A with Charlie Immordino of Ambulatory Surgery Center Consultants

Charlie Immordino, RN, CASC, is principal and president/CEO of Ambulatory Surgery Center Consultants, LLC, and an Accreditation Association for Ambulatory Health Care surveyor.

The Paperless Plan: How & Why Go Digital in Revenue Cycle Management

As participants in the "Digital Age," countless aspects of our day-to-day lives have evolved with the acceleration of technology. But some areas progress faster than others, and in the case of outpatient healthcare, many facilities are behind the...

The Other KPI that Turns Analytics into Action

Delivering high-quality care while maintaining profitability is the overarching objective of any outpatient facility. We’ve been talking a lot about using KPIs (key performance indicators) to determine the health of your revenue cycle – things...

There's No "I" in Revenue Cycle Management

Ever heard the phrase, "You’re only as strong as your weakest link?" Taken literally, that’s the amount of physical force you need to break a metal chain; and you're not likely doing that at work every day. Metaphorically, it could translate to...

What Drives Key Revenue Cycle Stakeholders

In the business of healthcare, money is necessary to facilitate the exchange of high-quality goods and services  and administration's goal is to make more of it while minimizing spending. Though your entire team may be mindful of profitability,...

Three Places Revenue Cycle and Patient Experience Intersect

Value-based healthcare is shifting our industry in countless ways. In this new era, we have to focus more tightly on the patient experience, including how it affects the revenue cycle.

Like any other business, creating "customer" advocates and...

Building Your Revenue Cycle Dream Team: Woof, Chitter, or Roar?

In outpatient healthcare, revenue cycle management is only as good as the people working toward a strong revenue cycle. From the time you enter a claim to the minute it’s paid, a human chain springs into action. Collaboration is vital, and weak...

3 Simple Rules for Revenue Cycle Efficiency

It's no secret that most people want to hold on to their money for as long as possible. This reality can be particularly difficult in healthcare, where multiple payer types – from patients to insurers to the government – make collecting what's...

Boost Your Bottom Line with Revenue Cycle Analytics

Today, healthcare is almost as much about math as it is about medicine. With value-based medicine replacing the traditional fee-for-service system, reimbursement is increasingly tied to quality care and favorable outcomes. But what does that mean...

Are Your Revenue Cycle Management Processes Evolving?

Did you know that the word "value" appears in Title III of the Affordable Care Act 214 times? Clearly, the idea of value-based healthcare is at the forefront of our industry today, and it’s changing the way many things work in the outpatient...

3 Revenue Cycle KPIs to Watch

In outpatient healthcare, if you’re not thinking about improving your revenue cycle, you’re probably not thinking hard enough. Every dollar counts. Unfortunately, for a variety of reasons, revenue cycle management – obtaining, tracking, and...

Improving ASC Inventory Management - 3 Initial Steps

Three Initial Steps

by Rhonda Hixson, Principle Solution Architect, AmkaiSolutions

ICD-10 Update: How are ASCs doing?

Jessica Edmiston, BS, CPC, CASCC, is the senior vice president of performance review and an AHIMA-approved ICD-10-CM trainer with National Medical Billing Services (NMBS). NMBS provides billing and coding solutions for ambulatory surgery centers...

Could Quick Access to Your Metrics Make Your ASC More Profitable?

Information is power.

This axiom has been at the heart of business, marketing, and risk management for decades. But in today’s world, information alone isn’t as powerful as it once was. Now, the true power of information can only be realized if...

4 Key Areas That Make a Difference in Revenue Cycle Management

In ambulatory surgery centers, obtaining prompt payment from insurers and patients is vital to effective operations. Unfortunately, it is becoming harder to get paid everything you are owed given today’s reimbursement environment.

Simply stated,...

Outsourcing Revenue Cycle Management: Are You Doing a Bad Job?

Outsourcing.

Some see it as an admission of weakness – confirmation that they are unable to effectively and efficiently run their ambulatory surgery center. Others believe outsourcing is a euphemism for loss of control. And then there are those...

Does Your ASC Billing Stack Up?

How much does it cost each year for the average ambulatory surgical center (ASC) to get paid? Although specifics vary by center, costs are growing. The regulatory environment faced by ASCs is a huge driver of fixed expenses, calling for internal...

The Next Five Years: Trends and Strategies for ASCs

By Robert Zasa, Managing and Founding Partner, ASD Management

Robert Zasa, Managing and Founding Partner at ASD Management, has established himself as a premier thought leader in the ASC industry as his career growth has paralleled that of the...

Benchmarking to Focus ASC Performance Improvement 

By Sandra Jones, Executive Vice President and COO of ASD Management

Benchmarking is a key tool for leading ASCs. Through benchmarking, your organization can focus on specific areas for improvement, and demonstrate your success.

Growth of 23-Hour Stay Programs for Ambulatory Surgery Centers 

By Reed Martin, Chief Operating Officer, Surgical Management Professionals

Over the past decade, the goals of better quality and lower cost have caused an expansion in the number and type of surgical cases performed in ambulatory surgery centers,...

How To Manage ASC Billing Processes Like a Pro

Becker's ASC Review's latest article on managing ASC Billing processes is an ode to efficiency and effectiveness. In the busy ambulatory surgery center environment, it's difficult to properly manage billing. Many ASC's are hoping to turn around...

Avoid Major Cash Flow Disruption and Get Prepared for ICD-10

By Heidi Babb, Vice President of Revenue Cycle, Partners Medical Consulting

Minnesota EMR Mandate: What It Means to the Other 49 States?

Spotlight on Minnesota's 2015 Interoperable Electronic Health Record Mandate

By Craig Veach, Sales Executive, AmkaiSolutions

Prepare for the Future: EMR in ASCs

In a report published by Becker's ASC Review titled "4 Things Great ASC Administrators Do to Prepare for the Future," Michelle Dickison, regional vice president, operations, for ASC management and development company Meridian Surgical Partners,...

5 Common ASC Coding and Billing Errors

By Rhonda Hixson, Director, Product Management, AmkaiOffice, AmkaiSolutions

An article recently appeared in Becker's ASC Review describing five frequent coding and billing errors that all ASCs should avoid.

Developing a Superior Product: Q&A with Rhonda Hixson of AmkaiSolutions

Rhonda Hixson is director of product management for AmkaiOffice at AmkaiSolutions.

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