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3 strategies for balancing recovery audit contractors
These tips can help systems prevent audit denials now, and save dollars later.
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Moving beyond the static budget
Changes in the marketplace--namely the shift to outcomes-based reimbursement--call for new approaches to financial management.
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Do equipment repair bills keep you up at night?
An inadequate protection plan for medical equipment may cause dire financial consequences to your organization that may not be easy to overcome. Is it worth taking the risk?
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Equipment leasing options - Fair Market Value or $1 Buyout?
Knowing the factors that go into deciding whether to enter into a fair market value (FMV) lease or $1 buyout lease will enable you to make the right financing choice for the equipment you need to...
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Building a high-value healthcare delivery system
Can you think of any other industry that is, or needs to be, more personalized and service-oriented than healthcare?
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Breaking down the biggest post-ICD-10 myths
The fear is that ICD-10 code set is so large and complex that medical coders aren't going to be able to keep up with their current coding output. Not true.
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How to achieve compliance with a strategic perspective (Insight)
Due to the multitude of diverse yet wide-spread requirements, staying compliant can be overwhelming, particularly for smaller facilities and medical practices with limited time and resources to spend.
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Cybersecurity legislation only a partial solution (Insight)
The shocking truth is that only about 6 percent of healthcare data breaches to date are the work of hackers.
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Key tips for a successful hospital merger or acquisition
With margins razor thin, hospitals are increasingly looking to transactions to achieve economies of scale and boost profitability.
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A 4-point check-up for your revenue cycle management
There are a few ways that practice managers and providers can easily perform a profitability check-up against best practice benchmarks.
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The culture of patient experience
For providers to thrive under healthcare payment and delivery model reform, the patient experience must align with the patient expectation.
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Can you pick the right ICD-10 family?
Let's just say it's better to get the diagnosis code right instead of counting on a yet to be defined definition of family.
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When CEO pay is tied to hospital rankings
The rankings are designed to advise patients with complex medical conditions, they are not an indication about the general level of quality of care or safety in an institution.
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What to expect from coding productivity after ICD-10 implementation
There are steps that medical practices can take to preserve medical coder productivity even in the short time we have before Oct. 1
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Considerations for capital spending to maximize returns
Evaluating capital expenditures is more complicated under a system focused on value, which seeks to eliminate waste and focuses on quality and outcomes rather than the number of procedures.
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Be proactive, not reactive, in protecting healthcare data
This form of identity theft is extremely costly to the victim as well the company that gets hacked.
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Switching to the Healthcare EFT Standard: 4 Ways to Ease the Transition
Thanks to the implementation of the Healthcare EFT Standard effective Jan. 1, 2014, which requires insurers to deliver EFT payments via ACH upon request, it's easier to transition than ever, especially...
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Insight: The case for revisiting denial rates
When organizations fail to include recovery audit contractors and other governmental auditor denials within their overall denial rate, an important piece of the revenue puzzle remains missing.
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Insight: Follow these tips to strengthen your HEDIS strategy
As HEDIS scores have become increasingly important to the bottom line, many plans are getting great results and easing the reporting burden by focusing on year-round data collection and intervention...
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Healthcare finance leaders as chief storytellers
In support of strategy formulation, finance plays a vital role in helping other leaders to understand the organization's current financial picture, and to show the financial ramifications of proposed...
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