LEAN and Six Sigma methodologies are being used more frequently in the Healthcare environment. Free Lean Six Sigma Training This website is a place to get up to speed on some of the nomenclature and procedures associated with LEAN and Six Sigma.
Revenue Mitigation Strategies Offsetting The Financial Impact Of ICD-10
There are great points made in this pdf of slides highlighting the financial impact of ICD-10 on providers. Well worth the time. The author also offers strategies on lessening the impact of ICD-10 on the revenue cycle. Revenue Mitigation Strategies Offsetting The Financial Impact Of ICD-10
ICD-10 Critical Metrics
White paper on measuring the impact of ICD-10 on Healthcare providers ICD-10 Critical Metrics
American Hospital Directory
Finding information about a particular hospital is easy using the American Hospital Directory website. Information on individual Hospitals such as: Financial Statistics $ % Gross Patient Revenue $4,630,640,896 97.1 Non-Patient Revenue $137,818,576 2.9 Total Revenue $4,768,459,472 Net Income (or Loss) $103,162,448 2.2 Total Discharges: 47,818 Total Patient Days: 267,429 TPS Quality Score: 51.59
CMS Clarifies Insurance Assistance Rules
Feb. 14—Healthcare foundations can pay for coverage by insurance plans offered on new government-run marketplaces, according to recent federal guidance. The 2014 launch of health insurance marketplaces, which were created by the Affordable Care Act, has increased the interest of hospitals and health systems in helping their patients afford either the premiums or out-of-pocket costs […]
Analyzing Hospital Financial Statements
I found this excerpt from a finance book that gives a great case study on understanding hospital financial statements. analyzing financial statements
Resolution of the Patient portion of Medical Bill
This document is based on the deliberations of the Medical Debt Collection Task Force. It reflects the task force’s consensus on the current state of best practices related to the equitable resolution of the patient portion of medical bills. The appropriate resolution of the patient portion of bills related to medical services continues to present […]
Increase Revenue Cycle performance through better EHR integration
How will your Hospital integrate EHR to improve Revenue Cycle results? With nearly 1,000 physicians and three hospitals using a variety of different electronic health records, Rush Health is creating a hub to better integrate the network as the health care industry is being encouraged to deliver better but less expensive patient care. Healthcare Revenue […]
Key Revenue Cycle Metrics
Today’s healthcare revenue cycle remains as complex as ever. While cash is still and will always be king, there is growing need for an additional layer of high-performance KPIs that seek to better exploit potential areas of new business opportunity as well as expose areas where bottlenecking, inherent risk, or lagging performance exists. This report […]
Key Metrics in Revenue Cycle Management
This PDF from Navicure inc., lists the top Four Key Performance Metrics and goes in-depth in explaining how they are created. 1)Days in A/R 2)Percentage of A/R >120 days 3)Adjuster (or Net) collection Rate 4)Denial Rate key-metrics-guide
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