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 like...
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 your...
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,...
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...
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...
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 due a...
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...
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 segment...
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...
Three Initial Steps
by Rhonda Hixson, Principle Solution Architect, AmkaiSolutions
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...
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 it...
Transforming Your ASC's A/R in 2023
