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How All Payer Claims Databases Could Resolve Patient Payment Issues

For over a decade now, states across the US have been trying to get all payer claims databases, or APCD’s, off the ground. Essentially, these state-managed databases collect information from insurers about many aspects of the healthcare, claims, and payment system, including ICD-10 diagnosis codes, charges for services at each care provider, how much was paid by both the insurer and the insured, and demographic information about the patient. Continue reading How All Payer Claims Databases Could Resolve Patient Payment Issues

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Strategic Outsourcing to Promote Health System Growth

For a health system or hospital, the decision to outsource any element of their services must be carefully considered. New technology makes it easier than ever for vendors and a care provider to stay in communication about outsourced services.  But, some decision-makers are still leery about quality control and efficiency once a set of tasks is handed over to a third party. As long as the hospital or health system finds a contractor they can trust, there are several clear ways that outsourcing can help a health system improve performance and profitability. Continue reading Strategic Outsourcing to Promote Health System Growth

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Changes to Consumer Credit Reporting

Settlement agreements between the three main consumer reporting agencies (TransUnion, Equifax, and Experian) and more than 30 state attorney generals from across the US have led to a series of reforms in credit reporting operations. These reforms are being implemented nationwide, and may have already impacted you as either a consumer or as a creditor, though deadlines for compliance are staggered across the next three years. Continue reading Changes to Consumer Credit Reporting

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Collection from Military Personnel Under the Servicemembers Civil Relief Act

The Servicemembers Civil Relief Act (SCRA) is a federal law which provides protection from financial obligation and liability to both military personnel and their families. This protection can even extend to liability for debt they incurred before they or their family member(s) entered service. Continue reading Collection from Military Personnel Under the Servicemembers Civil Relief Act

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Three Ways Social Media Can Motivate Patients to Pay

A CIO of a major healthcare system recently stated at a conference that customer complaints via Twitter didn’t concern him. This attitude needs to change across healthcare systems worldwide. Social media may seem silly or irrelevant at times, but the truth is, it offers hospitals an unprecedented ability to target and connect with existing and potential patients, and encourage them to stay loyal, paying customers. Continue reading Three Ways Social Media Can Motivate Patients to Pay

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Medicare Part B Proposal Under Revision

The Centers for Medicare and Medicaid Services (CMS) have been trying to revise Medicare Part B for several months now. Their aim is to remove financial considerations from the prescribing of medicine; this movement stems from the discovery that for some practices, especially oncology, revenue from prescriptions makes up over half their profits. At one meeting, a CMS official heard a physician say he didn’t prescribe a specific medication to a patient purely due to cost considerations. Continue reading Medicare Part B Proposal Under Revision