Month: May 2013

7 Steps To Reduce Claim Denials and Recoup Lost Revenue

Claim denials are one of the largest areas of lost revenue for health care organizations. They are also one of the simplest things to quantify, address and correct. Reducing denials is a valuable way to increase profitability amidst the difficult financial situation organizations face due to things like Medicare cutbacks and lower reimbursement rates. Targeting denied claims can directly benefit your organization’s bottom line by recouping lost revenue and accelerating your revenue cycle.

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Healthcare – The Possibilities Are Endless Infographic

Just imagine the possibilities we have in the healthcare field. We are already completing surgeries via robots. Research is being done to cure major diseases such as Cancer. Physicians can monitor patients from home. Telemedicine is taking off. Electronic medical records are basically common place now. Health information is available at your finger tips through the internet. The Affordable Care Act is focusing on transparency so we, as Americans, can know what we are paying for. There is a renewed emphasis on patient safety and quality of care. Efforts are being made to reduce healthcare costs. Medicaid recipients are growing at a rapid rate. The healthcare industry is one of the fastest growing industries today. What changes do you see? What changes do you recommend? How do you see healthcare 5 years from now? 10 years from now?

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