Establishing positive operating margins is crucial to ensuring that health systems can continue to serve their patients and communities, attract and retain a skilled workforce, expand lines of service, and preserve capital. Reducing costs is essential in the short term. But health systems must also look for paths to establish appropriate levels of owed and new revenue to foster sustainability and mitigate vulnerabilities in the long term.
Download our latest executive brief for the latest strategies to improve revenue performance, including:
Optimizing revenue recovery
Achieving revenue integrity
Succeeding in risk-based and quality-based programs
From De-escalation to Effective Communication: The Crucial Role of Mental Health Education for Nurses
May 31, 2023
Over the last few years, there has been a significant and ongoing surge in mental health-related treatment. In some areas of the US, in-person and virtual mental health visits have grown 100% since the start of the pandemic. Yet, unfortunately, over 27 million individuals experiencing mental illness are going untreated.
As a result, nurses face heightened pressure to quickly assess, treat, and often de-escalate situations with patients suffering from mental illness. As many clinicians feel unprepared for such situations, this has become a pressing concern for healthcare organizations.
Read this new report to gain valuable insights and survey results!
5 Coding challenges that can make or break a healthcare organization’s financial future
May 12, 2023
The Revenue Cycle Management landscape presents providers with a challenge at every turn. Whether it’s a perpetual issue, such as a lack of qualified personnel, or an unprecedented phenomenon, like a global pandemic that led to sky-rocketing demands, hospitals and healthcare facilities are fighting an uphill battle for operational efficiency.
Coding is one integral part of RCM in which complications often arise. Coding issues involve constantly evolving factors that can break a healthcare organization’s financial future. In this piece, seasoned experts will dive into details on the five coding hurdles that organizations must identify and address in order to ensure a streamlined and effective coding process.
Coding SMEs will discuss typically demanding tasks, such as coding to the highest specificity, and coding updates, including the recent 2023 ICD-10-CM updates. Additionally, human errors and missing data in coding and how they can greatly affect the timeliness of a claim submission will be highlighted. Lastly, the piece will close by addressing the scarcity of credentialed coding resources, providing some guidance on how to approach and resolve the obstacle.
Do you need a rev cycle check-up? If you manage a revenue cycle for healthcare, you know quick, complete payments are hard to come by. When increasing denials and staff attrition are the norm, it’s easy to see why organizations are constantly facing frustration and financial loss.
In downloading this eBook, you’ll find helpful ways to identify the pain points for your organization, along with step-by-step instructions for refining your processes, implementing change, and making the most of your healthcare RCM tools.
Re-engineering nursing care is critical, particularly as patient demands change, technology creates once-unimaginable innovations, and staffing remains a challenge.
With a primary nurse model no longer effective, nurse executives are embracing technology and other innovations to adjust and evolve the way care is delivered, so it’s more sustainable for patients and direct caregivers alike.