hospital revenue cycle
August 29, 2017

Strategies to Optimize Revenue Cycle Management in 2017 and Beyond

Posted by MedbillingExperts / 0 Comment

The one thing the first eight months of 2017 has taught healthcare industry is that change is the only constant. In an ever evolving business environment, medical professionals, big or small, are struggling to keep up with increasing financial responsibility of their patients, especially with regards to Revenue Cycle Management (RCM) and the need to stay within the regulatory framework. As a result, it has pressured many healthcare organizations to rethink their e

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HIPAA security compliance
August 14, 2017

HIPAA Security Compliance: A Complete Overview

Posted by MedbillingExperts / 0 Comment

Recently, a healthcare insurance company in the US had to shell out a hefty fine of $1.5 million and, at the same time be listed on OCR’s “Wall of Shame” for its failure to carry out a comprehensive security evaluation. In yet another incident, a small orthopedic practice that failed to procure the services of a specialized provider to secure its network and in the process compromised the security of patient data faced similar punitive actions by HHS. The two instances highlight the conseq

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claim denials
August 4, 2017

Medical Claim Denials Cost Hospitals $262 Billion Annually

Posted by MedbillingExperts / 0 Comment

A recent analysis by Change Healthcare revealed a shocking statistic about claims denials and their financial impact on healthcare practices. The finding revealed that out of roughly $3 trillion in medical claims submitted by hospitals in the US last year, approximately 9% of charges were initially denied. This translated into an accumulated loss of about $262 billion per annum sparking huge cash-flow issues and recovery costs to hospitals. A deeper analysis of the figures further revealed th

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