I have often heard, “If my organization does not have a Contract Management and Payment review process. How much Revenue do you think I might be losing?”
The bottom line is this, some estimates are 10-12% but as a general rule of thumb it is 3-6%, which in your organization may equate to Millions of Dollars. [...]

The other day my boss sent me an interesting article titled, “Finance: Buoying the Bottom Line,” distributed by HealthLeaders Media. This article stated that the recession has caused a nationwide shift in priorities among Hospital CFO’s. Healthcare financial leaders ranked their top three priorities for the next three years. These in order are: Physician recruitment, [...]

According to the January 2008 issue of the Healthcare Financial Management Magazine Hospitals were losing anywhere from 8% to 14% of their managed care and commercial revenue because of improper payments. I am sure with inflation the figure has probably grown, and in this economy how many hospitals can really afford to write off 8-14% [...]

Outside forces, such as government and other entities are shaping how health care organizations are managing their revenue cycles. Governmental regulation changes, as seen with the current stimulus initiatives and consumer-directed health care movements are the main agents of change.
Recent regulation changes in claim form UB04 and the release of the National [...]