Imaging faster reimbursement cycles must include reviewing processes on both sides of the payer/provider relationship. Too many decades of combative mudslinging makes a comprehensive review and retooling difficult. New organizational structures, like ACOs, begin breaking down barriers allowing for collaborative improvements.
Positive cost containment can begin with not paying for down time. Administrative resources dedicated to case and claim processing sit on your books as solid, steady expense while the processing pipeline swings dramatically. Paying overtime when backlogs occur will definitely impact the monthly administrative budgets. A number of other factors also contribute to these swings.
I hope the past three posts have helped healthcare practices begin to think about all the important ways that they can improve profitability without working harder, seeing more patients […]
The first two blog posts on improving profitability were about reducing no shows and collection at point of service. Today’s post will be on the importance of corect coding. We […]
This week our Healthcare Insider blog is going to post daily tips for providers to rapidly improve their bottom line. In an era where revenue is decreasing but costs are […]
I read with interest a recent article about airlines loss of business travelers over the past few years. Last year business travel was down 60%. They expect business travel to […]