Financial/Revenue Cycle Management
The Centers for Medicare and Medicaid Services, the largest healthcare payer in the country, has released a plan for upgrading its computer and data systems with the aim of providing better care. The Patient Protection and Affordable Care Act mandates the overhaul.
Given that ICD-10 compliance day is still nearly three years from now, most of the chatter about a total industry-wide sum for new code sets has leaned toward projecting an overall cost. But there's a flip-side: the cost-savings that converting to ICD-10 will bring the healthcare realm – and to the tune of billions of dollars.
CMS will be outfitted with new state-of-the-art fraud fighting analytic tools to prevent wasteful and fraudulent payments in Medicare, Medicaid and the Children's Health Insurance Program, HHS Secretary Kathleen Sebelius and Attorney General Eric Holder announced Thursday.
When providers mismanage the revenue cycle, the financial impact may seem relatively small on an individual claim, but when multiplied by hundreds of visits a week, the effect on the bottom line is the equivalent of death by a thousand paper cuts—slow, agonizing and certain. The good news is there is a remedy.
Information technology research and advisory company Gartner, Inc. has released its second annual Healthcare Supply Chain Top 25, which identifies organizations striving for supply chain excellence and better patient care.
KLAS on Wednesday announced its annual "2010 Top 20 Best in KLAS Awards: Software & Professional Services," ranking the best-performing software and professional service vendors across a wide range of market segments.
The University of Michigan Health System reports that a four-year Medicare physician group demonstration project, similar to an accountable care organization, has saved more than $15 million in the cost of care.
Physician practices may face total EHR adoption costs of $120,000 per physician, according to a new survey, which finds that the speed with which a practice fully implements its EHR and shifts to the new, accelerated workflow is critical to reducing the overall cost of adoption.
MedeAnalytics, a provider of healthcare performance management solutions such as on-demand analytics, announced Wednesday the launch of its new accountable care organization solution, alongside an ACO resource center for provider and payer organizations.
As it seeks to expand its suite of clinical solutions for unified patient information management (UPIM), NaviNet, the biggest healthcare communications network in the country, has acquired Prematics, a provider of mobile care management solutions.