Enhance Your Trauma Registry with the Right Experts
The healthcare industry produces a staggering amount of data. Hospitals alone churn out 50 petabytes of data per year, ranging from clinical notes and laboratory tests to medical images, sensor readings, genomics, and operational and financial data. There are also disease registries that encompass large amounts of data in their role as a tool for tracking the clinical care and outcomes of a defined patient population. Also, clinical registries record information about patients’ health status and the care they receive over time. Trauma registries are designed to provide information that can be used to improve the the quality of care and…
Cultivating Your Best Practices in Denials and Telehealth
The transition to value-based care and more telehealth services requires healthcare organizations to make necessary changes to better support patients and streamline their internal processes. As telehealth has become more prevalent and policies surrounding it continue to evolve, organizations are strategizing their approaches to maintain quality care and a healthy revenue cycle. One of the most crucial approaches is to reduce denials rates. Let's explore the impact of reducing denials rates during the telehealth boom - a boom that is likely here to stay. Recognizing the impact of denials rates Not only have denials rates increased steadily over the last…
Here’s Why Charge Capture Experts Matter
According to research from the Healthcare Financial Management Association, "up to 1% of a health system’s net charges come from lost charge capture opportunities." Even a 1% loss in these charges associated with payment for services provided "based on a health system’s master list of all billable services" can be significant. Some healthcare providers may see charge capture activities as a lower priority administrative function. Some revenue cycle leaders don't prioritize discussion of charge capture challenges either. This lack of prioritization as well as when charge capture opportunities are overlooked and when there is inadequate coordination between departments responsible for…
