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Protect Your RevenueCycle: Understanding the 3-Month Grace Period Mandate Home / December, 6 2024 Author: Heather Dunn, MBA, CHFP, CRCR, EHRC, President, The SSI Group, LLC (SSI) The healthcare landscape constantly evolves, and new regulations can often mean significant challenges for patients and providers. Let’s talk!
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.
2024RevenueCycle Management Challenges and Emerging Trends Home / January 16, 2024 Author: David Mancuso, Sr. Marketing Manager at The SSI Group, LLC Welcome to the healthcare landscape of 2024 – a complex terrain where high stakes meet numerous challenges, defining a dynamic and demanding era in healthcare.
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. Cloud-Based Solutions: Consider adopting cloud-based solutions for revenuecycle management. This can reduce errors and expedite the claims process.
Experians Health Report for 2024 had nearly three out of four respondents stating their claims denials have gone up, versus less than half of respondents only two years ago. Our February blog post is going to introduce and outline our upcoming five-part series on claim denials.
Read More The SSI Group Announces Key Partnership with RCxRules The SSI Group, a leader in financial performance solutions for providers and payers, announced today a partnership with RCxRules, a leading provider of automated billing solutions for healthcare organizations’ population health and revenuecycle operations.
Among them, the 275 electronic attachment is emerging as an essential tool in the realm of RevenueCycle Management (RCM). A recommendation to the Department of Health and Human Services (HHS) regarding the proposed operating rules’ adoption is expected by early 2024. But why is this important for healthcare providers?
Among them, the 275 electronic attachment is emerging as an essential tool in the realm of RevenueCycle Management (RCM). A recommendation to the Department of Health and Human Services (HHS) regarding the proposed operating rules’ adoption is expected by early 2024. But why is this important for healthcare providers?
What is RevenueCycle in Healthcare: Understanding Rev Cycle Management Home / March 4, 2024 Author: Kristy Boldt, Sr. This system is known as revenuecycle management (RCM), and it’s crucial for keeping healthcare providers operating smoothly.
Learning the important aspects of clearinghouse cyber security will ensure less disruption to your revenuecycle and cash flow. read more How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Dec 1, 2024 In the digital age, innovation often means mastering the fundamentals.
Florida Florida passed HB 7089 for health care expenses in 2024, which creates several consumer protections relative to the collection of medical debt, including: Debt Sale Restrictions: The state has introduced new limitations on the sale of medical debt, offering patients protection from aggressive third-party debt collectors.
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