Hospital Revenue Cycle Management Archives

August 5, 2022
Blog, Medical Billing

Hospitals, Physician Practices Saw High Expenses, Revenues in June

Total expenses for hospitals and physician practices were up 7 percent compared to June 2021. Hospitals, health systems, and physician practices saw rising revenues and patient volumes in June 2022, but it was not enough to offset the continuously high expenses, leading to negative margins for the sixth consecutive month, according to data from Kaufman […]

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July 11, 2022
Blog, Revenue Cycle Management

Healthcare Revenue Goals Falling Short for Many Providers in 2022

Nearly half of CFOs and revenue cycle VPs in a recent survey said their organizations are behind their 2022 healthcare revenue goals. Most provider organizations are behind their 2022 healthcare revenue goals, according to a recent survey of health system and physician group finance leaders. Revenue cycle management technology vendor R1 RCM commission Census wide, […]

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April 1, 2022
Blog, Medical Coding

Professional, Hospital E/M Charge Index Continued to Grow in 2021

In addition to the hospital E/M charge index rising, prices for professional evaluation and management, surgery, medicine, and radiology services increased last year. The median charge index for hospital evaluation and management (E/M) visits increased by 7 percent during the COVID-19 pandemic, according to a white paper from FAIR Health. The FH Medical Price Index […]

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June 8, 2021
Blog, Revenue Cycle Management

Over Third of Hospital Execs Report Claim Denial Rates Nearing 10%

Average claim denial rates are between 6% and 13%, but some hospitals are nearing a “danger zone” after COVID-19, a survey shows. Hospital claim denial rates are at an all-time high, signaling a need for better claims denial management, a recent survey from Harmony Healthcare reveals. The healthcare industry has seen a 20 percent increase […]

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October 6, 2020
Blog, Revenue Cycle Management

Hospital Revenue Cycle IT Budgets to Take a Hit After COVID-19

A new analysis uncovers hospital projections over the next 12 months, including plans for revenue cycle IT budgets and payer mix changes. More hospitals and health systems are planning to decrease revenue cycle IT budgets over the next 12 months, as leaders manage payer mix and other changes post-pandemic, according to a new analysis. Provider […]

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September 17, 2020
Blog, Hospital, Revenue Cycle Management

Preparing for Hospital Price Transparency Rule Compliance

In the latest Healthcare Strategies podcast, a healthcare lawyer explores hospital price transparency rule compliance and different strategies for solving the healthcare cost problem for patients. A global pandemic may not be enough to stop one of CMS’ more controversial rules from taking effect in just a couple of months. On January 1, 2021, US […]

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April 21, 2020
Blog, Revenue Cycle Management

6 Ways Hospitals Can Show Financial Care for Patients During COVID-19

As hospitals, health systems and physicians navigate the clinical impact of the COVID-19 crisis, the revenue cycle team at each of these organizations must also be ready to guide the financial care of patients. Fortunately, many experts in the revenue cycle space have successfully endured adversity over the years, including changes in the economy that […]

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April 15, 2020
Blog, Revenue Cycle Management

How Hospitals Are Changing Revenue Cycle Processes Due to COVID-19

As an effort to understand what changes hospitals are making in response to COVID-19, HBI is currently surveying revenue cycle professionals on how their organizations have altered, might alter, or will not alter revenue cycle processes. The following are highlights of HBI survey results as of April 3, 2020. We will continue to update these […]

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Tag: Hospital Revenue Cycle Management

Hospitals, Physician Practices Saw High Expenses, Revenues in June

Healthcare Revenue Goals Falling Short for Many Providers in 2022

Professional, Hospital E/M Charge Index Continued to Grow in 2021

Over Third of Hospital Execs Report Claim Denial Rates Nearing 10%

Hospital Revenue Cycle IT Budgets to Take a Hit After COVID-19

Preparing for Hospital Price Transparency Rule Compliance

6 Ways Hospitals Can Show Financial Care for Patients During COVID-19

How Hospitals Are Changing Revenue Cycle Processes Due to COVID-19

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