by Michelle Swertzic | Aug 21, 2019 | CMS, Health Information Management, Provider, Revenue Cycle Management
It’s no secret that Medicare and other major healthcare payers in the United States continue to make huge strides toward value-based purchasing, moving away from traditional Fee-for-Service (FFS) payments. In fact, this transition has been taking root for more than a...
by Chris Vairo | Jul 26, 2019 | Health Information Management, Provider, Revenue Cycle Management
Hospitals are integral parts of our communities’ well-being providing large-scale employment and care to citizens. In today’s healthcare industry, many medical facilities are challenged to balance financial demands while continuing to provide quality care. In most...
by Allen Fredrickson | Jul 22, 2019 | Federal Agency, Health Information Management, Payer, Provider, Revenue Cycle Management
Prior to starting Signature Performance 15 years ago, I saw how important the implications of healthcare administrative functions were becoming and their impact on care delivery cost and overall success in healthcare. However, progress in the financial management...
by Dawn Wierzbicki | Jun 28, 2019 | CMS, Federal Agency, Health Information Management, Provider, Revenue Cycle Management
Since 2005, 120 rural hospitals have closed, greatly reducing local access to care for 20% of the U.S. population. Fairfax Community Hospital is on the verge of becoming one of the latest critical access hospitals to shut down due to financial struggles. Once ranked...
by Chris Vairo | May 30, 2019 | Provider, Revenue Cycle Management
$270 billion in U.S. hospital claims are initially denied each year according to Healthcare Financial Resources. Reworking these denials increases administrative costs by close to $9 billion annually. The impacts of high denial rates are less cash collected, higher...
by Chris Vairo | Mar 27, 2019 | Health Information Management, Revenue Cycle Management
Outsourcing. You say it and some healthcare managers shudder with horror. Others in the industry sneer as though they’ve just heard something obscene. However, the ones truly in the know smile and nod at the naysayers because they know that outsourcing done right gets...
