Mid-Month Financial Projections

Mid-Month Financial Projections

Medical employees work hard, making it a grim reality when hospital management teams find out, two weeks after month-end, that financial results equate to a net operating loss. Producing projected income statements mid-month, and making the hospital’s senior management team aware of the expected financial results, is critical.

Transitioning to Remote Work Environment

Transitioning to Remote Work Environment

With the growing concerns surrounding the COVID-19 pandemic, many organizations have had to convert to a remote working environment with almost no preparation time. There are several key items that managers must address as part of the transition.

What is a Virtual Business Office and why should I consider it?

What is a Virtual Business Office and why should I consider it?

any systems today are either moving to a CBO model or considering it. Today’s model almost always has the collections function centralized in a single or several locations to take advantages of economies of scale. For some systems this is easy, but for many, geography presents an obstacle.

Importance of Data to Track and Benchmark Rev Cycle Performance

Importance of Data to Track and Benchmark Rev Cycle Performance

Provider organizations are feeling the squeeze in all directions. Fee-for-service is rapidly being replaced by value-based care. Staffing shortages and low unemployment restrict hospitals’ ability to recruit and retain a qualified workforce. And many hospitals struggle with flat volumes that hamstring their ability to increase revenue and boost operating margins.

Revenue Cycle Innovations to Try in 2020

Revenue Cycle Innovations to Try in 2020

The pressure on hospital revenue cycle departments to maximize reimbursements while minimizing costs to collect means the status quo will rarely do. How do you plan to improve your revenue cycle processes this year? If you’re still looking for ideas to implement in...

Our Favorite Acts of Kindness of 2019

Our Favorite Acts of Kindness of 2019

Need a pick-me-up today? These heartwarming acts of kindness from 2019 are sure to lighten your mood and be the good-news boost you need to start the year feeling a little better about humanity! For World Kindness Day 2019, the University of Pennsylvania Medical...

Reduce Your Stress and Savor the Season

Reduce Your Stress and Savor the Season

The holidays are supposed to be a meaningful and festive time of fellowship with family and friends, but if your overwhelming feeling is anxiety instead of excitement, you’re not alone. According to a poll by the American Psychological Association, 38% of people said their stress level rockets up during the holidays.

Home Health Providers, Are You Ready for PDGM?

Home Health Providers, Are You Ready for PDGM?

To whatever extent home health providers felt left out of the value-based care developments of recent years, their time has come. On Jan. 1, 2020, the Centers for Medicare and Medicaid Services will implement the Patient-Driven Groupings Model (PDGM), which will make...