As it prepared to transition to a new EMR, Saint Luke’s Health System needed the ability to actively monitor specific revenue cycle KPIs and establish benchmarks to keep revenue on track–both during and after the migration.
Whoever said, “Dates on the calendar are closer than they appear” wasn’t kidding. The oft-delayed, much-covered and highly anticipated ICD-10 deadline has finally arrived.
Most hospitals grapple with generating clean claims, streamlining claims management, and gaining insight into the source of denials. For California healthcare providers, these challenges are heightened by the requirements of Medi-Cal, the state’s publicly-funded Medicaid program. To shed light on some of the processes and tools that can help providers overcome Medi-Cal’s complexity and boost overall revenue cycle performance, RelayHealth Financial offers two new resources.
Orlando Health used RelayAssurance for years to help maximize cash flow and improve first-pass claim acceptance, but wanted the ability to perform deeper dives into claims data.
Hospitals today are faced with rapid industry changes and greater financial pressure. The ability to quickly and efficiently process claims for reimbursement is not only important, it’s critical to their financial success. Issues impacting a hospital’s payment velocity greatly influence their outstanding accounts receivable. At HFMA ANI 2013 this year, we introduced Pulse Perspective – The RevCycle Report to provide an industry view into the speed of payer reimbursement.
Do you ever have the feeling that your hospital could be doing something just a little better to accelerate your claims submission process, but aren’t sure how to take it to the next level? Or do you wonder how you stack up to your peer hospitals. Are you doing better? The same? Or are your peers leading the way?
Amid the lights, casinos and glitz that are Vegas, HFMA ANI2012 will be getting down to the business of helping healthcare organizations pursue one of their missions to manage declining reimbursement and increased patient self pay, essentially.…to Do the Impossible.
Comparative Analytics: The use of standardized data to give organizations an objective and timely performance measurement, against their peers as well as their past.