blog.hfsystems.com
Preparing for the Revolution in Revenue Cycle Management – The HFS Journal
http://blog.hfsystems.com/preparing-for-the-revolution-in-revenue-cycle-management
Official Blog of Healthcare Financial Systems. Preparing for the Revolution in Revenue Cycle Management. For decades, the fee-for-service reimbursement model dominated the insurance landscape. The Shift Toward Managing Populations of Patients. When Medicare came into existence half a century ago, cost- and charge-reimbursement. Was the norm. That evolved toward so-called prospective payment systems. Key Revenue Cycle Management Challenges. Technology Is the Key to Succeeding. Technology as an answer has ...
blog.hfsystems.com
billing process – The HFS Journal
http://blog.hfsystems.com/tag/billing-process
Official Blog of Healthcare Financial Systems. 5 Ways Outsourcing AR Increases Healthcare Practice Success. Outsourcing accounts receivable makes sense when you consider that in the typical multispecialty practice, almost 17%. Of accounts receivable have been outstanding more than 120 days. Ideally, that figure should remain below 12%. Outsourcing accounts receivable can help you shorten the healthcare revenue cycle. 1 It Allows Attention to Process Issues Rather than “Putting Out Fires”. When you outsou...
blog.hfsystems.com
In-House Billing May Be Hurting Your Healthcare Business – The HFS Journal
http://blog.hfsystems.com/in-house-billing-may-be-hurting-your-healthcare-business
Official Blog of Healthcare Financial Systems. In-House Billing May Be Hurting Your Healthcare Business. Without effective billing practices your hospital or medical clinic can’t remain financially secure, and that can ultimately affect how well you’re able to serve your patients. Some facilities manage to increase cash collections by analyzing and tightening the revenue cycle and offering updated training to in-house coding and billing staff. But it requires constant vigilance. Having an efficient reven...
blog.hfsystems.com
Outsourcing Makes Your Accounts Receivable Headaches Disappear – The HFS Journal
http://blog.hfsystems.com/outsourcing-makes-your-accounts-receivable-headaches-disappear
Official Blog of Healthcare Financial Systems. Outsourcing Makes Your Accounts Receivable Headaches Disappear. Erratic cash flow can be a serious problem for a medical practice. Problem: Patients Are Responsible for a Larger Share of their Bills. The high-deductible health insurance plan is the norm today, with patients themselves being responsible for thousands of dollars of out-of-pocket costs before their insurance coverage takes over. Collecting co-payments at the time of service is more importan...
blog.hfsystems.com
AR Outsourcing – The HFS Journal
http://blog.hfsystems.com/category/ar-outsourcing
Official Blog of Healthcare Financial Systems. In-House Billing May Be Hurting Your Healthcare Business. Without effective billing practices your hospital or medical clinic can’t remain financially secure, and that can ultimately affect how well you’re able to serve your patients. Some facilities manage to increase cash collections by analyzing and tightening the revenue cycle and offering updated training to in-house coding and billing staff. But it requires constant vigilance. Having an efficient reven...
blog.hfsystems.com
Emma Chung – The HFS Journal
http://blog.hfsystems.com/author/emma-chung
Official Blog of Healthcare Financial Systems. Twenty-five years experience in Revenue Cycle. Twelve years directing Patient Access and Patient Financial Service functions in various sized healthcare systems and physician practice networks. Additionally as a consultant I managed numerous successful projects overseeing assorted aspects of revenue cycle assessments and process improvement implementations. Served as featured speaker on various revenue cycle topics for AAHAM. You Might Second-Guess Coding an...
blog.hfsystems.com
5 Ways Outsourcing AR Increases Healthcare Practice Success – The HFS Journal
http://blog.hfsystems.com/5-ways-outsourcing-ar-increases-healthcare-practice-success
Official Blog of Healthcare Financial Systems. 5 Ways Outsourcing AR Increases Healthcare Practice Success. Outsourcing accounts receivable makes sense when you consider that in the typical multispecialty practice, almost 17%. Of accounts receivable have been outstanding more than 120 days. Ideally, that figure should remain below 12%. Outsourcing accounts receivable can help you shorten the healthcare revenue cycle. 1 It Allows Attention to Process Issues Rather than “Putting Out Fires”. When you outsou...
blog.hfsystems.com
accounts receivable – The HFS Journal
http://blog.hfsystems.com/tag/accounts-receivable
Official Blog of Healthcare Financial Systems. 5 Ways Outsourcing AR Increases Healthcare Practice Success. Outsourcing accounts receivable makes sense when you consider that in the typical multispecialty practice, almost 17%. Of accounts receivable have been outstanding more than 120 days. Ideally, that figure should remain below 12%. Outsourcing accounts receivable can help you shorten the healthcare revenue cycle. 1 It Allows Attention to Process Issues Rather than “Putting Out Fires”. When you outsou...
blog.hfsystems.com
AR Collections – The HFS Journal
http://blog.hfsystems.com/tag/ar-collections
Official Blog of Healthcare Financial Systems. In-House Billing May Be Hurting Your Healthcare Business. Without effective billing practices your hospital or medical clinic can’t remain financially secure, and that can ultimately affect how well you’re able to serve your patients. Some facilities manage to increase cash collections by analyzing and tightening the revenue cycle and offering updated training to in-house coding and billing staff. But it requires constant vigilance. Having an efficient reven...