According to an expert panel, CMS should increase the maximum penalty for noncompliance with the pricing rule from $300 per day to up to $5,500 per day.
It's more important than ever for revenue cycle leaders to think seriously about succession planning as baby boomers begin to retire and the revenue cycle increasingly requires more specialized skills, says PeaceHealth's senior enterprise director of HIM, coding, and...
The Kaufman Hall survey found that although consumerism remains a hot topic and buzzword, many hospitals and health systems' digital efforts are stalling.
HHS said it would defer the good faith estimate requirement for insured patients "until rulemaking to fully implement this requirement…is adopted and applicable."
As the revenue cycle of the future becomes more automated and technology takes over rote tasks, revenue cycle employees need more complicated problem-solving skills and a deeper knowledge base than ever before.
Device agnostic digital patient intake; buy now, pay later; compassionate billing; and AI-enabled customizable payment plans are four trends that rev cycle leaders should watch as the pandemic rages on.
'We don't think about revenue cycle as any one individual's responsibility, but as our organization's responsibility,' says Jon Sohn, senior vice president and chief revenue officer for Ascension.
Providers also said they expect patient demand to exceed capacity in psychiatry, orthopedic surgery, cardiology, and gastroenterology in the next six months.
