Coding Accuracy Issues in Cardiovascular Procedures Point to Significant Revenue Improvement Opportunities for Hospitals
August 3, 2021
Accurately coding complex cardiovascular procedures in the cath lab is incredibly difficult, but failing to do so can cost your organization thousands of dollars per case.
ZHealth audited 2,931 cardiovascular cases from 51 hospitals and healthcare systems over three years and found that only 55.1% of cases were coded correctly to the documentation provided. And for Medicare payments alone, under-coded cases had $8,051 average anticipated under-reimbursement per affected case.
In this report, you'll gain insights on:
The staggering financial impact of over-coding and under-coding
The legal and compliance risks beyond the reimbursement impact
Faster Data Can Improve Outcomes and Enhance Profitability
July 22, 2021
Providers already know the value of data in their everyday work — but thinking bigger is a productive and profitable route toward ROI. Implementing digital solutions that collect better data and analyze it to yield insights can improve care and boost speed, efficiency, and patient experience.
A commitment to supporting employee financial stability and sustainability has gained momentum within many healthcare organizations. Recognizing the precariousness of employees’ financial safety nets due to the impact of COVID-19, employers have intensified their already growing focus on financial wellbeing and understand that carefully selected and communicated benefits can help the workforce plan for the unexpected.
According to Gallagher’s 2021 Retirement Survey Report – U.S. Edition, 67% of employers have either launched a formal financial wellbeing program (37%) or are considering this benefit (30%). From an industry standpoint, those that already offer financial wellbeing opportunities range from 26% in healthcare to 52% in manufacturing and 53% in financial services. Looking ahead, many employers are addressing the financial health of their workforce and how to implement a holistic financial wellbeing program that not only helps employees save and invest for retirement but also better manage their budgeting, debt management, and emergency funds.
The 2021 Retirement Survey Report benchmarking highlights how COVID-19 has altered the retirement timetable for many employees. Data was collected from 277 organizations in an online survey conducted between August and September 2020. The report provides insights into how organizations responded to the impact of COVID-19, including managing their fiduciary responsibilities, limiting fiduciary liabilities, evaluating plan design, addressing employee financial stress, and more. Looking ahead, many employers are addressing the financial health of their workforce and how to implement a holistic financial wellbeing program that not only helps employees save and invest for retirement but also better manage their budgeting, debt management, and emergency funds.
How do your current benefits offering address financial wellbeing and what resources or programs could you consider adding? Download Gallagher’s 2021 Retirement Survey Report Executive Summary to gain insights from your peers.
Few industries have more data about their own customers than the health care sector. Yet the divide between health care providers’ use of that data and the customer experience (CX) that results may be wider than in any other industry. The Covid-19 pandemic, however, may be accelerating a change in that paradigm.
Learn how providers are driving patient-centric change with:
In order to deliver effective, individualized treatment, providers need to start with a comprehensive 360-degree view of every patient that includes clinical and nonclinical data, along with relevant social determinants of health.
Download this e-book to see how you can:
Connect care teams and proactively reach patients at home
Empower every employee to address patient needs efficiently
Personalize patient engagement using data insights