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.