Revenue cycle management (RCM) is incredibly important to a practice’s profitability. Without the ability to streamline the billing and collections processes, a medical enterprise will find it challenging to stay afloat. Managing your practice’s revenue cycle requires you and your staff to take an honest look at your current workflow to determine what’s working and what isn’t. Here are some things to focus on:
The NCQA's Patient Centered Medical Home program has been running since 2008 but over the past few years it has gone through some substantial revisions. Now the NCQA is asking for people in field, both who are providing care and receiving care, to help make the PCMH program the best it can be. Here are the basics you need to know:
Specialty pharmacy is a growing industry and with many pharmacies moving toward accreditation, the process can get overwhelming. The following infographic will review some basics of the new CPPA Specialty Pharmacy Accreditation.
Did you know that the Affordable Care Act is effecting the staffing industry? The ACA regulations put into effect state "that companies with more than 50 employees must provide insurance to their employees." The new regulation has had a great impact on staffing, hiring and the staffing industry's future. The following infographic from Akken Cloud will give you some insight on the relationship between the ACA and the staffing industry as a whole.
The role of the pharmacist in the healthcare industry has been expanding over the past decade, from simple medication fulfillment to crucial patient aftercare, education, and administering vaccinations. 2015 has already seen big changes within the healthcare industry and we predict that the role of the pharmacist will only expand more.
To an onlooker, it's easy to mistake a robust, high-tech hospital as a stable entity; however, hospitals face a myriad of high-pressure challenges. From juggling the changing healthcare system to the source of hospital funding, the obstacles faced by hospitals can be daunting.
Do physicians make the best hospital CEOs? Should hospital CEOs come from a business background? It's a debate that has been brewing in the healthcare industry for years and it doesn't have one answer. In 2014, only 5% of hospitals were run by doctors, while the majority of hospital administrators came from outside the healthcare profession.
It's easy to hear the word 'merger' and think of negative associations. We think of the big, bad companies swooping in and buying out the helpless little guy who didn't stand a chance. Right? But when it comes to hospital mergers in 2015, it doesn't always mean bad news. Mergers offer their fair share of benefits to both smaller organizations and the communities they serve. In this post, we'll examine a few ways they do just that.
Here at BHM we are predicting that 2015 will be a year of change for many healthcare systems. With this change, healthcare leaders will be faced with many challenges, including complying with new federal regulations and making strategic moves towards better care. We've compiled a list of the five biggest challenges we foresee healthcare leaders facing this year.
The results are in from the early HIPAA audits by Health and Human Services (HHS). Want to know what was the major weakness found by the government’s auditors? The compliance deficiency all-to-common among healthcare practices? It was, according to HHS, “the lack of a thorough risk analysis.” Time after time, auditors would ask to see evidence that the covered entity had performed a risk analysis. And time after time, much to their dismay, the answer they heard was, “A what?”