Today, I want to talk about DSO (Days Sales Outstanding). This is the time frame in number of days it takes for you to see a patient and get the final payment posted into your billing system. Do you know what your average DSO is? Do you know why it’s important to know this? Do […]
Even as recently as five years ago, the revenue cycle outsourcing process took on a very different form to that of today. For years, most organizations saw the revenue cycle as little more than a cost center – meaning that revenue cycle outsourcing was a decision made largely from an administrative perspective. It was seen […]
The skilled nursing facility (SNF) consolidated billing (CB) file reflects new codes for 2018, as well as codes that are excluded from SNF CB for Medicare Part A claims payment. The SNF annual update file contains a comprehensive list of codes involved in editing institutional claims submitted to A/B Medicare administrative contractors (MAC) for services […]
2018 brings us new functional endoscopic sinus surgery codes (FESS) which bundle a total ethmoidectomy with both a frontal sinusotomy and a sphenoidotomy with and without removal of tissue. 2018 CPT® also provides a new bundled code for a frontal and sphenoid endoscopic balloon dilation. On initial review of these new codes and the instructions […]
This is evidenced by the Advisory Board’s 2017 revenue cycle benchmarks, which revealed the average 350-bed hospital saw denial write-offs increase from $3.9 million in 2011 to $7 million last year. To address the problem of increasing denials, healthcare organizations should focus on categorizing claims by type, as well as success of appeals, according to […]
There are certainly going to be new ways to keep healthcare providers and health IT pros stay engaged and excited, and here are our top 10 picks. For More Information: Gop Healthcare Bill: The Republican healthcare reform bill gained immense traction this year. In the third attempt of healthcare bill, the lawmakers have insisted that […]
CMS has released its final 2018 Medicare Outpatient Prospective Payment System rule, which cuts payments to hospitals under the 340B Drug Pricing Program and authorizes Medicare to reimburse for knee replacement surgeries performed in outpatient facilities. Here are eight things to know about the 1,133-page final rule. Payment Update: CMS will increase OPPS rates by […]
Amongst the many benefits of implementing an electronic health records (EHR) platform, two are fundamental: increasing the overall quality of patient care and improving business efficiency and revenue. While it can often be difficult to visualize the connection between these two sides of hospital operations, these two outcomes are linked together. Transitioning to a new […]