Alexandra Wilson Pecci is an editor for HealthLeaders.
Identifying dual eligibility can slash bad debt and boost revenue by more than a half-million dollars for the average mid-sized hospital.
UCHealth continues to improve its cost estimator tool to ensure the highest degree of accuracy and avoid surprising patients with bills.
CMS Administrator Seema Verma recently named UCHealth as one of the exemplars providing price transparency that goes above CMS requirements.
Payment plans are popular with patients, who use them even for small bills, but many patients aren't offered them.
An increasing number of organizations are waiving or deferring payments for federal employees as the longest-ever government shutdown stretches into its fifth week.
Knee replacements are up by 17% and hip replacements are up 33% from 2010-2017, finds a review of medical claims data by the Blue Cross Blue Shield Association.
That hefty price tag means that the United States exceeds every other nation in total healthcare costs.
Eliminating the manual backend task of checking patients' insurance eligibility reduced denials and AR days at an orthopedic surgery practice while also getting more staff face-to-face time with patients.
Despite calling it "essential," many healthcare leadership teams discuss charge capture once a month or less.
Streamlining the revenue cycle governance structure helps create an assembly line that works together and reports to the same leaders.