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As healthcare continues to evolve, so do the complexities of managing the revenuecycle, with denial management being one of the most persistent challenges. Denial management is an essential component of healthcare revenuecycle management (RCM) because denials directly impact an organization’s financial health.
SSI Wins Oracle Cerner 2022 Collaboration Award. November 9, 2022. This year, the SSI Group, LLC (SSI) is pleased to announce that we were named the 2022 Collaboration Award Winner at the recent Oracle Cerner Health Conference. Reboot Your RevenueCycle with Automated Prior Authorization [HFMA Webinar].
2024 RevenueCycle Management Challenges and Emerging Trends Home / January 16, 2024 Author: David Mancuso, Sr. This year promises to be a crucible of transformation, testing the resilience and adaptability of industry leaders while offering fresh perspectives on managing revenuecycles more efficiently and effectively.
What’s Top-of-Mind for RevenueCycle Leaders in 2022. August 8, 2022. There is no doubt healthcare revenuecycle leaders have faced unprecedented challenges these past few years. ” (Kaufman Hall, National Hospital Flash Report, July 2022 ). Talent Acquisition. Search for: Recent Posts.
Live webinar: Thursday, December 15, 2022 2:00 pm CT. Prior authorization is not only one of the most time-consuming aspects of all revenuecycle transactions, but it is also one of the leading causes of claim denials, according to a recent report by the American Hospital Association (AHA). healthcare revenuecycle (3).
Reboot Your RevenueCycle with Prior Authorization Automation. This webinar, developed in partnership with HFMA, breaks down the real-world benefits of prior authorization automation for your staff, your revenuecycle and your patients. Reboot Your RevenueCycle with Automated Prior Authorization [HFMA Webinar].
Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs. Reboot Your RevenueCycle with Automated Prior Authorization [HFMA Webinar]. Reboot Your RevenueCycle: Get Proactive with Prior Authorization Automation [HFMA Webinar Key Takeaways].
Reboot Your RevenueCycle: Get Proactive with Prior Authorization Automation [HFMA Webinar Key Takeways]. December 16, 2022. Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs. SSI Wins Oracle Cerner 2022 Collaboration Award. RevenueCycle.
A study by Kodiak Solutions shows that the denial rate from initial RFI’s has increased by nearly 9% since 2022. The first five months of 2024 had $6B in claims delayed across more than 1900 hospitals, which when prorated over the year would be $14.4B, versus $11B in 2022. This can reduce errors and expedite the claims process.
The state of Texas was the first to pass the “gold card” law, which went into effect on October 1, 2022. Due to the efforts of the coalition, on March 23, 2022, the Michigan House of Representatives passed Senate Bill 247 with strong support. Reboot Your RevenueCycle with Automated Prior Authorization [HFMA Webinar].
Almost 75% of practice leaders rank staffing as 2022’s biggest challenge. 75% have experienced adverse revenuecycle impacts during the pandemic. Revenuecycle positions take 84-207 days to fill with recruitment costs averaging from $2,167 for entry-level to $5,699 for senior-level. Staffing Under the Microscope.
However, a recent spending bill passed in December 2022 changes this and sets April 1, 2023, as the end date for the continuous coverage requirement, regardless of whether the PHE is still in effect. Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs. Leadership.
August 17, 2022. As denials become an even bigger pain point for healthcare organizations and leaders, a well-orchestrated denial management strategy powered by the right technology and processes is becoming a must-have if you want to better manage denials and appeals – and stop revenue leaks. Request Demo What are you looking for?
August 24, 2022. August 24, 2022. Together, they’ve implemented a streamlined revenuecycle management solution that fits their current needs and is easily scalable for any future expansion. Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs.
October 4, 2022 (Mobile, AL) — The SSI Group, LLC (SSI), a leading provider of revenuecycle management (RCM) solutions, today announced the launch of a turnkey, end-to-end electronic prior authorization solution for healthcare providers that connects in real-time to more than seven-hundred payers. “The RevenueCycle.
In pursuing a frictionless revenuecycle, the ability to work medical claims directly within your Epic system is vital. CDT on October 20, 2022. Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs. SSI Wins Oracle Cerner 2022 Collaboration Award.
Denials and Revenue Loss According to SSI data, there has been a 53% increase in PA denials from the beginning of 2022 compared to the end of 2022. Reduction in the administrative burden on revenuecycle teams in turn leads to improved job satisfaction and employee retention.
September 9, 2022. On July 10, 2022, the United States Postal Service increased the price of a First-Class Mail Forever stamp from fifty-eight cents to sixty cents. Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs. healthcare revenuecycle (3).
The Power Pair: Simplifying Paper Conversion and Reassociation with SSI [On-Demand Webinar] Home / Every revenuecycle leader is familiar with the grueling challenges of paper conversions: a time-consuming, error-prone process that often stands between your organization and timely payments. and 7 minutes per transaction.
The Power Pair: Simplifying Paper Conversion and Reassociation with SSI [On-Demand Webinar] Home / Every revenuecycle leader is familiar with the grueling challenges of paper conversions: a time-consuming, error-prone process that often stands between your organization and timely payments. and 7 minutes per transaction.
With provider margins razor thin, hospitals and medical groups report continued revenuecycle workforce shortages and increased challenges competing to fill open positions amidst compensation wars. With that experience comes a wealth of claims data that we share with revenuecycle leaders.
Among them, the 275 electronic attachment is emerging as an essential tool in the realm of RevenueCycle Management (RCM). A Comparative Look: Manual vs. Electronic In 2022, CAQH CORE estimated that the manual volume for attachments stood at a staggering 132 million, while the electronic counterpart was 49 million.
For one, labor shortages are looming over revenuecycle leaders, with a recent survey published in Becker’s Hospital Review showing nearly half are experiencing severe shortfalls in vital positions, from front-end revenuecycle to denial management experts.
With provider margins razor thin, hospitals and medical groups report continued revenuecycle workforce shortages and increased challenges competing to fill open positions amidst compensation wars. With that experience comes a wealth of claims data that we share with revenuecycle leaders.
Although the legislation was passed in 2022, its anticipated changes are not expected to start taking effect until this summer. Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs Request Demo What are you looking for?
Automating Prior Authorization Provides Significant Benefits Automation has many benefits – for your patients, workforce, and your revenuecycle. 3 American Medical Association (AMA) poll released in February 2022. Now, more than ever, hospitals should consider automating the prior authorization process. 1 CAQH Index 2021.
Among them, the 275 electronic attachment is emerging as an essential tool in the realm of RevenueCycle Management (RCM). A Comparative Look: Manual vs. Electronic In 2022, CAQH CORE estimated that the manual volume for attachments stood at a staggering 132 million, while the electronic counterpart was 49 million.
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