One in five claims are delayed or denied, creating 3% loss of net revenue. Not only do these denials erode the provider organization’s bottom line, they require an inordinate amount of administrative work for both payers and providers. But they don’t need to. Technology now exists to stop the denials, improve the process and allow organizations to make more investments in the front end of the revenue cycle.
As healthcare organizations face increasingly complex reimbursement in the move from fee-for-service to value-based reimbursement, maintaining financial viability really is job one. The refrain in our industry is all-too-common: “No margins, no mission.” In other words, if you can’t make your numbers, you can’t keep your doors open.
Healthcare organizations are facing tighter-than-ever margins as they work to grow their businesses and keep pace with the shift toward value-based care models. As a result, organizations are looking for financial management solutions that will secure their bottom line, improve margins and help them deliver the best possible care.
The Radiological Society of North America (RSNA) 2016 conference is history, but your need for automated, intelligent workflows in the transition to value-based care is very much front and center. The right focus can help take radiology beyond its traditional borders and even beyond imaging.
As you navigate the transition from volume to value, a comprehensive radiology imaging software solution is paramount to your success. An integrated solution can not only transform the way you practice radiology but also can help you effectively move to value-based care.
18 healthcare and financial experts around the nation to weighed in on where they see the greatest opportunity for margin improvement. We’ve compiled their insights into a helpful e-book, as well as a easy-to-share infographic.
We recently asked 18 healthcare and financial experts to weigh in on this question, providing us with incredible insights and actionable tips that were compiled into our Conquering Margin Improvement in a Changing Environment e-book. In fact, their insights were so good that we simply couldn’t fit them all in.
It’s no secret that the way healthcare providers are paid is changing. Today, payment is mostly driven by the volume of services delivered, but the alternative payment models (APMs) that came out of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) are gaining speed.
In today’s changing healthcare environment, having the right health IT systems and tools at your disposal is not only key to ensuring quality and improving outcomes, but also operational efficiency and effective business management.
Surviving and thriving in today’s evolving healthcare world means focusing on improving quality, access and outcomes — and doing so in a way that bolsters your organization’s bottom line and grows margins.