HealthiPASS Insights

7 Factors That Will Optimize Your Medical Billing Process

Posted by HealthiPASS on Aug 30, 2016 10:43:14 AM

Ever since medical billing and coding went digital, many practitioners assume that the chances of mistakes have been more or less eliminated. Those who run small medical practices know that is not the case. Since the arrival of the Affordable Care Act, your revenues have probably been going downhill, and your billing and record keeping has probably grown far more complex.

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Topics: Revenue Cycle Management, Medical Billing

How to Evaluate the Effectiveness of your Patient Collection Process

Posted by HealthiPASS on Aug 26, 2016 1:51:34 PM

The financial health of a medical practice is every bit as important as the health of its patients. The financial managers of large practices, charged with ensuring profitability, have their work cut out for them. Between third-party payers, patient co-pays, deductibles and self-pay, conquering the revenue cycle requires focus and dedication if a practice is going to thrive. To ensure the business maintains the highest cash flow possible, periodic evaluations of patient collections will help uncover any disorganization infecting the process that results in more work for less return. 

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Topics: Revenue Cycle Management, Patient Consumerism

QUIZ: Do You Know The Numbers Behind Patient Payments?

Posted by HealthiPASS on Jun 23, 2016 8:30:00 AM

Revenue cycle management is dynamic, with best practices on collecting patient payments shaped by new information that helps inform healthcare practices on how to operate effectively.

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Topics: Revenue Cycle Management, Patient Payments, Patient Consumerism

John Oliver Segment on Debt Shows Importance of Collecting Early

Posted by HealthiPASS on Jun 8, 2016 9:39:51 AM

This week, healthcare debt made the news in a big way.

John Oliver, host of the HBO show “Last Week Tonight,” out-Oprahed Oprah with a giveaway worth nearly $15 million dollars, by far the largest in television history.

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Topics: Revenue Cycle Management, Patient Debt

Reducing the Expenses of Claim Denial Management Through Automation

Posted by HealthiPASS on May 31, 2016 10:01:27 AM

Claim denials hit medical practices where it hurts. Several studies estimate the claim failure rate to be near 20 percent. With about one in five healthcare claims failing to go through, providers are forced to slog through the denial management process to ensure they’re getting paid for their services rendered.

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Topics: Revenue Cycle Management, Healthcare Technology

3 Things You Must Do To Increase Patient Payments At the Time of Service

Posted by HealthiPASS on May 20, 2016 8:53:00 AM

According to a 2015 Availity study, 91% of providers agree that balances that are not collected upfront become increasingly harder to collect. If that's true, why are so many providers still missing out on point of service patient payments?

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Topics: Revenue Cycle Management

Patient Check In Kiosk: The Answer To The Broken Patient Payments Cycle

Posted by HealthiPASS on May 4, 2016 8:30:00 AM

The patient billing cycle is broken. What used to take maybe just 30 days to collect can now take up to 100+ days or more, if you’re able to collect at all.

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Topics: Revenue Cycle Management, Patient Payments, Healthcare Technology, Patient Check-In Kiosks

The 3 Must-Have Tools For Patient Payments In a New Health Economy

Posted by HealthiPASS on Apr 26, 2016 9:00:00 AM

Healthcare payments are stuck in the past. As a result, providers who practice the same approaches to collecting patient payments are suffering. Revenue cycle management relies on technology that is robust enough to deliver a modern approach to healthcare payments than what has been delivered in years past. 

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Topics: Revenue Cycle Management, POS Technology, Point of Service Payments, Patient Consumerism, Self-Service Technology

3 Ways To Embrace Consumer Demand For Price Transparency in Healthcare

Posted by HealthiPASS on Apr 19, 2016 8:00:00 AM

In a recent survey by TransUnion, a shockingly low number of Americans revealed that they felt that their healthcare provider was “clear and upfront” about the cost involved in their care.

Let’s face it – we do not have the tools nor the infrastructure (especially small to mid-sized groups) to provide the level of transparency that the healthcare consumer expects.

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Topics: Revenue Cycle Management, Patient Consumerism, Financial Transparency

How To Create Accountability in Patient Payments [SlideShare]

Posted by HealthiPASS on Mar 30, 2016 8:00:00 AM

Collecting patient payments in a complex, more financially strapped health economy is a team effort. This presentation will tackle patient payments with 6 easy steps to increase accountability in the patient revenue cycle among your entire team. 

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Topics: Revenue Cycle Management, Patient Payments