Thursday, November 13, 2014

Sticking to Integrity to Understand What is revenue cycle management


A healthcare company using strategies crafted by supporting revenue cycle management companies often deals with hard numbers when it comes to assessing earnings as much as the numbers of patients treated. A senior vice-president of an RCM services provider said the process requires full accounting of how much money the practice may be losing because of some discrepancies like inadequate documentation. Keeping things in order and communicated around the organization may enhance service efficiency.
http://decorm.com/sticking-integrity-understand-revenue-cycle-management/

Wednesday, November 12, 2014

Update Your Medicaid for More Serious Diseases

Recent health scares such as Ebola have been a great cause of concern around the world. State health officials in South Carolina, in particular, have been conducting the necessary steps to address potential cases of Ebola and other serious viral diseases by means of a statewide referral system that allows patients to get immediate medical attention.

Wednesday, November 5, 2014

Quarantine Costs Strain Revenue Cycles

Now that the Ebola outbreak has reached U.S. soil, it's up to hospitals and medical facilities around the country to keep it in check. The cost: $1,000 an hour.

At least, that's the figure experts came up with after computing the cost of Thomas Duncan's treatment at Texas Health Presbyterian in Dallas. During his nine-day confinement, Duncan racked up between $18,000 and $24,000 per day, according to a Bloomberg report. Including indirect costs, his total bill may reach half a million dollars.