Revenue Cycle Management

Revenue Cycle Management Leaders Need Registrars, Billing Specialists

by Victoria Bailey

Frontline healthcare workers are not the only ones facing staffing shortages. Registrars, billing specialists, and patient follow-up staff were the most in-demand revenue cycle management positions for...

How Nonprofit Hospitals, Health Systems Compensate Executives

by Victoria Bailey

Nonprofit hospitals and health systems are a staple to the US healthcare industry. These facilities are funded mainly by charity, religion, or research and educational funds. Nonprofit health systems...

Northwell Health to Use AI, NLP to Improve Revenue Cycle Management

by Victoria Bailey

Northwell Health has signed a ten-year agreement with an artificial intelligence company to improve its revenue cycle management processes through natural language processing. The healthcare provider...

Tenet Healthcare Drops Revenue Cycle Management Subsidiary Spinoff

by Victoria Bailey

Tenet Healthcare has announced that it will not go through with the planned spinoff of its revenue cycle management subsidiary, Conifer Health Solutions. Tenet’s Board of Directors, with the...

What Is Value-Based Care, What It Means for Providers?

by Editorial Staff

Value-based care is a form of reimbursement that ties payments for care delivery to the quality of care provided and rewards providers for both efficiency and effectiveness. This form of reimbursement has emerged as an alternative and...

Exploring the Fundamentals of Medical Billing and Coding

by Editorial Staff

Medical billing and coding translate a patient encounter into the languages healthcare facilities use for claims submission and reimbursement. Billing and coding are separate processes, but both are necessary for providers to receive...

Healthcare CFOs Plan to Invest in Patients, Partnerships in 2022

by Victoria Bailey

After nearly two years in a global pandemic, the healthcare industry has faced numerous hurdles. But healthcare chief financial officers (CFOs) have high hopes for the upcoming year and plan to improve...

What Is Healthcare Revenue Cycle Management?

by Editorial Staff

While hospitals, small practices, and larger healthcare systems are known for saving lives and treating patients, every healthcare organization needs to develop successful processes and policies for staying financially healthy. That is...

Who Are the Top Revenue Cycle Management Vendors of This Year?

by Jacqueline LaPointe

Market research firm KLAS has released its top picks for healthcare software vendors based on evaluations from more than 23,700 software users from more than 4,500 healthcare organizations. This year,...

Higher Patient Volumes, Physician Productivity Aid Revenue Growth

by Sarai Rodriguez

According to Kaufman Hall’s latest Physician Flash Report, patient volume, revenue, and productivity increased for physician practices with performances exceeding pre-pandemic...

Healthcare Orgs Hit Revenue Cycle Talent Recruitment Snags

by Jacqueline LaPointe

The Great Resignation and other employment challenges are hitting revenue cycle management, a new survey of hospital and health system leaders indicates. The survey commissioned by healthcare...

R1 RCM to Acquire Cloud-Based Healthcare Revenue Company Cloudmed

by Jacqueline LaPointe

R1 RCM Inc. has announced that it will acquire the cloud-based healthcare revenue intelligence company Cloudmed in an all-stocks transaction expected to close in the second quarter of 2022. Cloudmed...

UPMC Launches In-House Travel Staffing Agency Amid Nursing Shortage

by Sarai Rodriguez

The University of Pittsburgh Medical Center (UPMC) launched its own travel staffing agency to attract highly skilled nurses and surgical technologists as a short-term solution to offset the nationwide...

CMS Funds 1,000 New Medicare Residency Slots to Address Labor Shortage

by Sarai Rodriguez

CMS announced they would be funding 1,000 new Medicare residency slots to address labor shortages in rural and underserved communities as part of the Inpatient Prospective Payment System (IPPS) final...

WI Hospitals Sued 37% More Patients Over Medical Debt

by Sarai Rodriguez

In a Health Affairs study, researchers from Yale and Stanford report that hospital lawsuits against patients over unpaid medical debt rose by more than a third in Wisconsin over nearly two decades,...

Most Americans Face Medical Debt Owe Over $2000

by Sarai Rodriguez

According to a survey from Discover Person Loans, most consumers face medical debt of more than $2,000. The medical debt impacts most consumers’ financial ability to access medical care...

Supply Chain, Labor Inflation Poses Risk to Healthcare Profit Margins

by Sarai Rodriguez

According to a Fitch Ratings report, supply chain challenges and rises in labor are leading to higher costs and potential revenue loss, threatening profit margins for healthcare and pharmaceutical...

Medical Group Revenue Declines Underscore Need for Efficiency

by Sarai Rodriguez

AMGA’s 2021 Medical Group Operations and Finance Survey finds that medical group revenue and expenses fell due to a decrease in volume caused by the COVID-19 pandemic. The survey found that...