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.
Can you really make the switch from reactive to proactive in daily operational functions? Health systems implementing an integrated capacity management strategy can do just that because this approach aligns your organization to focus on contemporary problems such as correlating outcomes and cost.
Value-based care will lead to lower costs, higher efficiency, and better patient outcomes. But sometimes, focus on the day-to- day logistics of your transition can cause you to lose sight of the larger goal. If you find enthusiasm for your value-based care initiatives waning — whether you’re halfway there, haven’t yet started, or are in the final sprint to the finish – consider these three ideas.
Whether your organization is an employed physician group, hospital or health system, optimizing your revenue cycle provides an excellent opportunity for margin improvement. Denial management and cost to collect, in particular, are key areas where you can reduce costs.
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.
Relying on intuition, some healthcare leaders think there is an inverse relationship between positive patient outcomes and healthy labor costs. When labor costs improve, they assume staff is reduced and patient outcomes suffer. And when labor costs worsen, leadership believes it’s easier to meet quality goals and control length of stay. But it doesn’t have to be that way.
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.
Enterprise imaging is a key component for health systems moving to value-based care. It enables collaboration and communication that helps increase quality for both care and outcomes. But before these benefits can be realized, there are significant challenges to overcome.
The transition to value-based care is pushing radiology beyond its traditional borders, and success in this new model is measured in better patient outcomes. A more integrated, collaborative radiology workflow can connect both systems and people, which helps provide much-needed context for better patient care.