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Healthcare Business Assurance: The Next Step of RCM Evolution
Healthcare RCM technology has been evolving for decades. Some organizations have begun looking outside of healthcare to find the capabilities they need to continue their drive toward operational efficiency and new reimbursement model management. The answers they are looking for may come from an unlikely industry – telecommunications.
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INFOGRAPHIC | 5 Top Claim Denial Causes in Healthcare
Each new denial represents a painful financial drain on healthcare pratices and organizations. Even when claims are recovered, the administrative costs associated with that recovery represent a leak from patient revenue. Check out the 5 Top Claim Denial Causes in Healthcare, ranked accordingly with our own experience.
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INFOGRAPHIC | Healthcare's Top 10 Revenue Leakage Causes
Healthcare's Revenue Cycle Management (RCM) is very complex and challenging to manage efficiently.
Find out here the top 10 sources of lost revenue and cost drain (leakage) and how Effy Healthcare powered by RAID may help your healthcare organization prevent leakages to happen in the first place.
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“Real Time” Data Makes a Real Difference in Finding and Fixing RCM Issues
Staying viable in today's increasingly complex healthcare environment is not an easy task for any hospital or health system. With the need to aggregate and comparing data from diverse platforms, with the various formats, using technology for identifying and correcting has become a major issue for hospital organizations. To find an issue, after it has caused a denial, is unacceptable.
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Operational vs. Actionable Analytics
In the light of the unfortunate recent event of the COVID-19 pandemic, a growing number of hospital leaders, more than ever, are understanding the value of real-time data analytics versus the limitations of operational data analytics to address and promptly solve problems in every aspect of operations.
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The strategic importance of having continuous auditing and improvement solution for your RCM
Amidst all the COVID related events of the past few weeks, many, if not most, health systems are facing increased complexities to the health system’s RCM processes throughout the enterprise. Furthermore, the difficult in keeping track of government policies daily changes, plus the fact that different payers are taking different approaches, results in massive sets of disparate data to be reconciled and reviewed.
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How to decrease denial rates and save time and money in the process
Denials… They are lot alike that chronic low back pain, difficult to heal, no one likes and far too often instead of committing to getting better, which takes discipline and consistency, one ends up “toughing it out”. And when you finally seem to get better, it returns, sometimes harder than before.
What to do? Obviously, prevention is key, proper rest, eating well and in case of injury seek the right professional help that along with self-commitment will enable recovery.
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A message from José Xavier, CEO at Effy Healthcare
In light of the challenging times that we are facing, we keep in our minds all of those affected by the new Coronavirus (COVID-19) all over the world and especially the health care providers that are on the forefront fighting it every day.
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EFFY Healthcare is proud to have been at the HFMA VA-DC Spring Conference
As a proud Gold Sponsor of HFMA VADC chapter, EFFY Healthcare, is pleased to have attended and exhibited at HFMA VA-DC Spring Conference and Health Innovation Summit, in Richmond March 11-13, 2020, an event that aimed at building opportunities for innovative partnerships between Provider Organizations, Health Plans and Clinical Leaders.
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