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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. Now is the time to act.
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.
May 24, 2023 9 Essential Questions RevenueCycle Leaders Should Be Asking About Their Claims and Clearinghouse Partner Welcome to the world of healthcare revenuecycle management, where every aspect of your business is crucial to success.
The healthcare revenuecycle management (RCM) domain, a crucial component for any healthcare establishment, has seen seismic shifts since the pandemic. Evolving Needs in the Healthcare RevenueCycle Management Landscape The ongoing global pandemic has added complexity to an already intricate RCM landscape.
In 2025, a strategic approach to collections, leveraging technology and focusing on patient relationships, will be essential for having efficient, quality and performance improvement in your revenuecycle management. The post Preparing for 2025: Key Trends & Predictions in Medical Collections appeared first on RevCycle.
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.
With the possibilities for further restrictions or even complete removal from credit reports in the future, it is paramount that healthcare providers continue to optimize their revenuecycles. Exploring alternative revenuecycle models Bundled payments: Partner with insurers for bundled payment arrangements for specific procedures.
Decoding the Intricacies of Healthcare Billing: Navigating Claims Denials and RevenueCycle Management Home / December 8, 2023 Healthcare billing is a vital function in the medical administration ecosystem, playing a crucial role in sustaining the financial health of healthcare organizations.
The Evolution of Electronic Medical Claims and RevenueCycle Management in the US Healthcare System Home / November 29, 2023 In the constantly evolving landscape of US healthcare, the story of electronic medical claims and revenuecycle management stands out as a testament to technology’s transformative power.
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.
In this challenging operating environment plagued with labor shortages and financial woes, SSI remains focused on helping providers optimize their Cerner investment by addressing any claim errors within Cerner work queues prior to claim generation for time savings and shorter payment cycles. healthcare revenuecycle (3).
The Evolution of Medical Billing Clearinghouse Vendors in RevenueCycle Management: Spotlight on The SSI Group, LLC (SSI) Home / December 20, 2023 Author: Christy Wright, CMO at The SSI Group, LLC In the intricate tapestry of healthcare finance, the journey of a medical claim from inception to resolution is critical.
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].
In the complex world of healthcare revenuecycle management, insurance claims and prior authorizations are among the most time-consuming and error-prone processes.
What’s Top-of-Mind for RevenueCycle Leaders in 2022. There is no doubt healthcare revenuecycle leaders have faced unprecedented challenges these past few years. Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs. August 8, 2022.
Aerium has also been able to tighten up their revenuecycles, which has sped up accounts receivable collections. It was so easy to do, and I rarely spend time chasing anybody other than supervisors to make sure that they’ve actually approved the hours that people have put in,” explains Jeff.
The healthcare revenuecycle management (RCM) domain, a crucial component for any healthcare establishment, has seen seismic shifts since the pandemic. Evolving Needs in the Healthcare RevenueCycle Management Landscape The ongoing global pandemic has added complexity to an already intricate RCM landscape.
Reboot Your RevenueCycle: Get Proactive with Prior Authorization Automation [HFMA Webinar Key Takeways]. 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].
You’ll discover how our cutting-edge technology, combined with our commitment to constant innovation, can help you achieve peak performance in revenuecycle management. Join Tracey Tillman, Director of Product Management at SSI, in an engaging webinar where she will take you on a journey of our seamless integration with Epic.
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].
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). Reboot Your RevenueCycle with Automated Prior Authorization [HFMA Webinar].
Register today Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs Request Demo What are you looking for?
In pursuing a frictionless revenuecycle, the ability to work medical claims directly within your Epic system is vital. Tracey Tillman, Director of Product Management, will present the webinar Streamline Your Claims Management Process with Epic & SSI Integrations.
May 24, 2023 9 Essential Questions RevenueCycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenuecycle management, where every aspect of your business is crucial to success.
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].
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 with Automated Prior Authorization [HFMA Webinar]. healthcare revenuecycle (4).
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.
Cash Reserves : Maintain a cash reserve to cover unexpected expenses or revenue shortfalls, such as during periods of low occupancy. RevenueCycle Management : Streamline billing and collections processes to ensure timely payments from residents, insurance companies, and government programs. Access and visibility are key.
Having trouble keeping up with claims? A/R days quickly adding up? Overwhelmed by denials? There are solutions for these. W e know back-end functions of a business office are complex, so we 're here to share a few tips to make it more manageable.
Cloud-Based Solutions: Consider adopting cloud-based solutions for revenuecycle management. Continuous Learning: Stay updated on industry trends and best practices related to revenuecycle management. This can reduce errors and expedite the claims process.
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. healthcare revenuecycle (3). revenuecycle (7).
Feeling like an outsider within the walls of your own healthcare provider is frustrating, especially for a revenuecycle leader—when he is the patient. Here, MediRevv's SVP of RevenueCycle Terry Reinsager shares a recent encounter. "It
RevenueCycle – Optimize, optimize, OPTIMIZE! We sometimes feel like a broken record when it comes to highlighting the necessity of revenuecycle optimization, but it has never been more important to the industry. Declining profit margins and growing expenses , a truly dastardly duo of phrases!
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.
The Human Advantage: Optimized RevenueCycle Performance Increase Netback: Higher repayment rates achieved through trust and personalized solutions. Flexible payment plans: Tailored options that consider a patient’s financial situation.
Revenuecycle optimization – 78%. Fixing the Financial Pressure – Healing your RevenueCycle for 2021 & Beyond. and robotic process automation for repetitive revenuecycle tasks to free up manpower for more human-centric tasks. Optimize your RevenueCycle with RevCycle. Consider A.I.
Eligibility Denials: A Major Challenge for Hospitals March 13, 2023 Denials are one of the most expensive revenuecycle issues, posing major concerns to revenuecycle leaders throughout the country. Problems that lead to denied claims occur throughout the revenuecycle but routinely point to eligibility.
Revenuecycle management improvement is a constant in the healthcare industry. Whether you're looking to improve outcomes, protect and increase revenue, lower costs, leverage technologies, improve analytics or even dip your toes is a broader pond of talent—it all boils down to continuous improvement in the face of change.
Together, they’ve implemented a streamlined revenuecycle management solution that fits their current needs and is easily scalable for any future expansion. Disparate Computer Systems: As Northern Regional Hospital expanded and acquired new specialty practices, its revenuecycle began to experience significant slowdowns and delays.
In pursuing a frictionless revenuecycle, the ability to work medical claims directly within your Epic system is vital. 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].
Save my seat Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs Request Demo What are you looking for? . • Q&A session to discuss Michigan’s prior authorization process, implementation, and impact on healthcare.
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. “We revenuecycle (7).
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.
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