Resources by BHM Healthcare Solutions

5 Ways Hospitals can Reboot Their Revenue Cycles

February 11, 2015

Many hospitals are currently asking themselves, “How can we improve our revenue cycle in 2015?”
This topic is also one many C-suite executives are facing in 2015, which is proving to be another year of vast changes. Financial departments will have to stay on top of contract management, as well as planning for shifts in how payments are received.
Today, we’ve put together a list of 5 ways healthcare providers can reboot their revenue cycles and stay ahead of those changes that impact the bottom line.

ICD-10: What Pharmacies Need to Know

February 10, 2015

With the new roll out date of ICD-10 finally on the calendar, healthcare providers and payers alike have been preparing for the change.

5 Smart Moves for Healthcare Executives

February 9, 2015

In the ever-changing healthcare industry, the C-suite executives always have to be on their toes. But the best leaders are making some smart, calculated moves to stay on top of their game in 2015. These moves are not always executed easily, but those who make them help their organizations perform better and provide a higher level of patient care.

The Meaning of Meaningful Use

February 6, 2015

Starting October 1st, there will be a year long reporting cycle implemented for those healthcare organizations that still need to attest to Meaningful Use Stage 2. One reason for this change in the reporting timeline was simply that the vast majority of providers just aren’t ready.

Hospital Mergers: 2015 Projected Trends

February 5, 2015

Hospital mergers and acquisitions [M&A] aren’t a new concept, but in the post-Affordable Care Act world they have become a popular solution for yielding to ACA regulations. According to the American Hospital Association’s 2015 Environmental Scan “mergers, consolidations and other partnerships” will increase due to the pressures on hospitals to lower costs and achieve economic goals. Here at BHM we also think that this healthcare trend is one to watch for 2015, so we’ve pulled together some key insights for you to consider.

What HIPAA Audits Mean for your Organization

February 4, 2015

For quite a while now, news that a wave of HIPAA audits are on the horizon has been circulating in the healthcare scene. But this time, these audits are likely to include financial penalties for violations–new in 2015. So what areas should you be scouring to ensure you’re not accidentally committing any violations? In this post, we’ll take a look at what HIPAA audits could mean for your organization.

Healthcare IT: Will 2015 Be the Year of Data Breaches?

February 3, 2015

A month into 2015 and it’s already become apparent that it’s going to be a big year for healthcare IT. In the aftermath of the Ebola Outbreak — which made several touchdowns on U.S. soil— there has been an intense focus on how electronic medical records can prevent similar events from happening in the future.

EMRs have consistently been tapped as hospitals work to avoid sentinel events (sometimes called “never-events” as in, they should never happen) and the prevention of an outbreak certainly qualifies as such.

Wearable Tech in Healthcare

January 29, 2015

You’ve probably heard people talking about wearable tech–whether it’s a new smart watch, Google Glass, etc. It’s becoming increasingly popular, and more and more industries are preparing for this next wave of technological advancement. But where is wearable tech’s place in the healthcare environment? Today, we’ll look at just a few ways we’re seeing a positive impact from wearable tech in healthcare.

4 Questions to Ask About Bundled Payments

January 28, 2015

When we look at healthcare payment reform, and our move away from fee-for-service models of payment, the focal alternative this year has been bundled payments. In this scenario, physicians are paid a set amount for treating a certain type of patient, and assumptions are made by the payer about what services or treatments a patient like that would need. They compensate according to that average. Under the fee-for-service model, when they were paid for whatever tests they ordered or treatments they rendered, they certainly had more freedom of choice.

Top 5 Ways to Boost Your Revenue Cycle

January 27, 2015

When it comes to hospital and health system revenue cycles, there are many strategies you can approach to help put things on a positive trajectory. Whether they are changes small or large, they all impact the organization’s financial standing. But today, we’ve pulled together only the very best tips for increasing profitability.

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