| Medical Coding with Artificial Intelligence: The New Frontier of Medical Coding |
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Today, we’re highlighting some of the ways in which artificial intelligence could change medical coding in the future.
Artificial intelligence has solved countless human challenges – and medical coding might be next.As organizations prepare for ICD-11, medical coding is about to become more complicated. Healthcare organizations in the United States already manage 140,000+ codes in ICD-10. With ICD-11, that number will rise.Some propose artificial intelligence as a solution. AI could aid computer-based medical coding systems, identifying errors, enhancing patient care, and optimizing revenue cycles, among other benefits.Today, we’re highlighting some of the ways in which artificial intelligence could change medical coding in the future.
Created: 12/30/2020
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| How Small, Rural Hospitals Can Benefit from Revenue Cycle Management Consulting |
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Today, we’re highlighting some of the ways that small, rural hospitals can benefit from a revenue cycle assessment.
When some think of revenue cycle management, they think of larger healthcare organizations with complex needs. But healthcare organizations of any size can benefit from revenue cycle assessments.Yes, smaller hospitals can benefit from revenue cycle assessments and healthcare consulting. In fact, these assessments could have a greater proportional impact on smaller, rural hospitals.Rural hospitals need help. In 2016, 41% of rural hospitals in the United States operated with negative margins. As populations age, this problem is getting worse – not better.Today, we’re highlighting some of the ways that small, rural hospitals can benefit from a revenue cycle assessment.
Created: 12/30/2020
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| ICD-11 Medical Coding: How to Prepare your Healthcare Organization for ICD-11 |
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Keep reading to discover some of the significant changes in ICD-11 medical coding, including how your organization can prepare for the release of ICD-11.
Healthcare organizations in the United States and around the world use the ICD-10 medical coding standard. Starting in 2022, however, organizations will switch to the ICD-11 standard.ICD-11 has four times as many codes as ICD-10. That means new challenges for healthcare providers – and new problems with missed revenue, coding errors, and denied claims.Keep reading to discover some of the significant changes in ICD-11 medical coding, including how your organization can prepare for the release of ICD-11.
Created: 12/30/2020
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| 5 Ways Physicians Can Benefit from Healthcare Consulting |
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Today, we’re explaining some of the ways physicians can benefit from healthcare consulting whether running a small practice or working for a larger organization.
Most people assume healthcare consulting benefits the organization – not necessarily the physicians within that organization. However, that’s not true. Physicians can and do benefit from healthcare consulting.Physicians experience actionable improvements from healthcare consulting. These improvements can benefit the organization’s bottom line, improve patient care, and make it easier for physicians to do their job.Today, we’re explaining some of the ways physicians can benefit from healthcare consulting whether running a small practice or working for a larger organization.
Created: 12/30/2020
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| Best Employee Training Opportunities to Enhance Organizational Revenue |
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Today, we’re exploring some of the best employee training opportunities for small and large healthcare organizations.
Healthcare organizations have many opportunities to train employees and enhance organizational revenue.By taking advantage of these opportunities, healthcare organizations can significantly improve their bottom line.From lean healthcare workshops to continuing education programs to other professional training systems, employee training opportunities can enhance organizational revenue in various ways.Today, we’re exploring some of the best employee training opportunities for small and large healthcare organizations.
Created: 12/30/2020 - Updated: 12/30/2020
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| 4 More Rural Hospital Success Stories from Small Towns Across America |
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Today, we’re exploring four more rural hospital success stories from small towns across the United States.
Rural hospitals are closing across the country. Naysayers may say it’s the end of rural healthcare as we know it. However, many hospitals are flipping this trend on its head.America’s best rural hospitals are thriving in uncertain times by expanding care, taking advantage of telemedicine, and specializing in in-demand areas.By taking this approach, rural hospitals have grown revenue even when dealing with aging populations, higher-than-average Medicare patient totals, and other challenges that have sunk competing providers.Today, we’re exploring four more rural hospital success stories from small towns across the United States.
Created: 12/30/2020 - Updated: 12/30/2020
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| Why Healthcare Employees Leave: And How to Attract and Retain Top Talent |
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Today, we’re explaining why employees leave – and how today’s top healthcare organizations are attracting and retaining top talent.
Many healthcare organizations struggle to retain talent. Unfortunately, this leads to big losses.A median turnover in the emergency medical services (EMS) space costs an agency $72,000, according to Prehospital Emergency Care.Meanwhile, the average cost of a turnover for a bedside RN is $52,100, causing the average hospital to lose $4.4 million to $6.9 million. Some healthcare organizations spend 5% of their annual operating budget on employee turnover and related expenses.By emphasizing employee retention and minimizing patient turnover, healthcare organizations can save millions of dollars per year.Today, we’re explaining why employees leave – and how today’s top healthcare organizations are attracting and retaining top talent.
Created: 12/30/2020 - Updated: 12/30/2020
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| 6 Ways COVID-19 Has Impacted Healthcare Revenue Cycles in America |
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Today, we’re highlighting five ways COVID-19 has impacted healthcare revenue cycles for organizations across the United States – and how organizations are thriving in the face of change.
The COVID-19 pandemic has wreaked havoc on healthcare organizations across the United States.But as some organizations are failing, others are thriving. By capitalizing on changes, and by training staff, organizations can optimize healthcare revenue cycles throughout the coronavirus pandemic.Today, we’re highlighting five ways COVID-19 has impacted healthcare revenue cycles for organizations across the United States – and how organizations are thriving in the face of change.
Created: 07/28/2020
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| Telehealth Coding and Billing During COVID-19: Tips and Guidelines |
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Today, we’re highlighting some of the best telehealth coding and billing practices for the COVID-19 coronavirus pandemic, including changes to be aware of.
Healthcare organizations have turned to telehealth during the COVID-19 pandemic. However, some are not prepared to handle telehealth coding and billing.Demand for contract medical coding experts is surging. Companies like HMI Corp can help your organization manage complicated COVID-19-related telehealth coding. Our coding experts have proven expertise across the United States.Today, we’re highlighting some of the best telehealth coding and billing practices for the COVID-19 coronavirus pandemic, including changes to be aware of.
Created: 06/24/2020
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| Medical Coding Tips for Managing the COVID-19 Pandemic |
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We’ll summarize that information below to help your organization manage the COVID-19 pandemic.
Demand for medical coding companies has surged in recent months. COVID-19 has revealed medical coding inefficiencies, and firms are struggling to keep up.Good medical coding companies work with healthcare organizations to solve inefficiencies and reduce errors. Effective medical coding tips helps a company avoid wastage, capture lost revenue, and reduce patient conflicts.Your healthcare organization might have effective medical coding systems in place. Unfortunately, a pandemic like COVID-19 can reveal problems with any organization’s medical coding.The CDC, CMS, and AMA have all released COVID-19 coding guidelines in recent weeks. We’ll summarize that information below to help your organization manage the COVID-19 pandemic.
Created: 06/24/2020
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| The Best Strategies Small, Rural Hospitals Are Using to Survive |
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Millions of Americans depend on small, rural hospitals for healthcare. Unfortunately, due to several challenges, many of these small hospitals are struggling to survive.
Millions of Americans depend on small, rural hospitals for healthcare. Unfortunately, due to several challenges, many of these small hospitals are struggling to survive.Between 2010 and 2014, 47 rural hospitals across America stopped providing inpatient services, according to a report by the Rural Health Research Gateway. An additional 673 rural hospitals are at-risk for closure.Today’s climate may seem daunting for small, rural hospitals – but it doesn’t have to be. Today, we’re highlighting some of the best strategies today’s small, rural hospitals are using to survive.
Created: 05/27/2020
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| 10 Benefits of Remote Revenue Cycle Management Programs |
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The remote revenue cycle management industry has been booming in recent years. A growing number of healthcare organizations are making the switch.
The remote revenue cycle management industry has been booming in recent years. A growing number of healthcare organizations are making the switch.Should your organization make the switch to a remote revenue cycle management (RCM) program? These third party service providers make big promises – but do they actually live up to these promises?Today, we’re exploring the benefits of remote revenue cycle management programs.
Created: 05/27/2020
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| Revenue Cycle Management (RCM) Trends for 2020 |
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Revenue cycle management has experienced ups and downs in recent years. What lies ahead for revenue cycle management?
Revenue cycle management has experienced ups and downs in recent years. What lies ahead for revenue cycle management?Last year, we saw the continued rise of automation and AI. We also saw battles over price transparency.Continuing the trend from previous years, we also saw healthcare organizations contend with patient expectations, government regulations, and a growing number of technology options.Let’s take a look at some of the revenue cycle management (RCM) trends we’re preparing for in 2020.
Created: 05/27/2020
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| What Role Does a Hospital Chargemaster Play in Revenue Cycle Management? |
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The hospital charge description master, or hospital chargemaster, communicates medical bills to payers and patients.
The hospital charge description master, or hospital chargemaster, communicates medical bills to payers and patients.The hospital chargemaster plays a crucial role in revenue cycle management: it’s the heart of the healthcare revenue cycle. It’s the central point from which all billing gets sent to patients and insurers.Organizations that fail to maintain the chargemaster face enormous problems. Poor chargemaster maintenance leads to revenue leakage. It can also lead to inaccuracies, non-competitive fees, and claim rejections.
Created: 05/27/2020
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