While the debate goes on over the Affordable Care Act, one thing has been proven: the recent expansion of Medicaid in many states has lead to a sharp drop in uninsured hospital stays, and a rise in stays covered by Medicaid. States that opted not to expand Medicaid have seen no significant change in inpatient payers. Continue reading Medicaid Expansion Lowers Uninsured Hospital Stays
One of the major building blocks of the Affordable Care Act is the mandate to digitize patient records. These electronic health records (EHRs) are meant to help the transition between different healthcare providers as the patient moves from one doctor or hospital to another.
Continue reading New Technologies Make Patient Record Matching More Fluid
A satisfied patient means many things, like healthier patients in the long run, patient retention and loyalty, and better reputation. In this new world of shop-around healthcare, even a single happy, satisfied patient can make a world of difference in the day to day operations of a hospital. Above all things, perhaps, is that a satisfied patient is more likely to pay their outstanding balances on time, allowing hospitals to more efficiently manage their revenue cycles. But what leads to a satisfying patient experience? Consider some of the following. Continue reading 3 Keys to Satisfying Patient Experience
Private insurance companies are finding themselves with lower profit margins due to the Affordable Care Act. According to MedCityNews, this is leading some of these insurers to avoid high-cost members. These insurers have told brokers that they will not receive commission on many new customers who wouldn’t previously qualify. Continue reading Are Private Insurers Avoiding High-Cost Members?
With tax season upon us, it’s more important than ever to consider data security. Identity theft is common during tax season, with so much pertinent information being shared across the internet and face to face. And as more patient records go digital, data security is going to become increasingly more important. Because so much information, from patients’ credit card info and social security numbers, to very personal data regarding their health, hospitals are a prime target for identity thieves. Continue reading Hospitals, Tax Time & Data Security
We’ve talked in the past about telehealth and medicine as the next wave in healthcare. It seems like politicians agree. A new bill that will expand Medicare reimbursement for telehealth-based calls and consultations, as well as remote patient monitoring, has bipartisan support in Congress. Continue reading Bipartisan Bill Could Offer Better Healthcare to Rural Areas
In the current healthcare market, patients are shopping around their healthcare needs. But it’s not only hospitals and doctors who are being vetted—it’s insurance companies as well. Together, this is creating a more conscious patient, and they’re often much more cautious about the costs of their healthcare as they become more financially responsible for the care they’re receiving. Continue reading Lessons on Engagement You Can Learn From Insurance Providers
It seems that media outlets are talking more and more about medical debt that patients are piling up. Even as our economy rebounds, the amount of money that people owe hospitals is deep. And as bad as it is to hear that patients are dealing with medical debt, it’s just as bad for hospitals: when you incur a longer-than-normal revenue cycle, it bogs down operations. Continue reading Low Value Medical Care and Revenue Cycle Management