Harmony Insight

Virtual healthcare is automating many tasks - both clinical and non-clinical. But in the era of value-based care, revenue cycle experts will always be in demand. As healthcare moves quickly along the digital path, the revenue cycle often faces challenges. Let’s examine some current trends and how revenue cycle experts are primed to lead organizations in adapting. Assessing the explosion of telehealth With the beginning of the COVID-19 pandemic came a rapid increase in virtual care. Although the growth of telemedicine and its benefits are undeniable, it can pose challenges for the revenue cycle. One of those challenges includes how…

Building a system of value-based healthcare relies on meeting an organization's data needs. In fact, data is indeed healthcare's most valuable resource - and arguably the world's as well. The current healthcare system is comprised of digital information; from electronic medical records to billing data to analytics to disease registries to administrative data and beyond, clinical, operational, and financial outcomes of healthcare depend on data. That makes healthcare systems notorious targets for cyber threats.  As technologies evolve, such as AI and predictive health models, data will become even more of an asset. Consumer health data is something that drives collaborative…

Hospital and professional coding usually begin when a doctor records information on services they provided to patients. It continues when that information is sent out as a charge capture to be assigned a billing code. Navigating this process is complex, especially considering that everything from a hospital room to tests and procedures must be billed for reimbursement. Even durable medical equipment varying from a wheelchair to a ventilator to something as small as a nebulizer must have appropriate codes - often accompanied by a modifier - before assigning a billing code. That requires highly qualified professionals who have expertise in…