247 MBS December 26, 2015 News

Reengineering the Revenue Cycle

As the healthcare industry grapples with rising patient bad debt, a rethinking of revenue cycle management (RCM) is clearly in order – as would be the case for any business segment experiencing a chronic collection problem. In the case of…
247 MBS December 25, 2015 News

12 ICD-10 Codes For Christmas

“Grandma Got Run Over By a Reindeer” and “Rocking Around the Christmas Tree” aren’t merely holiday season song titles anymore. Now, thanks to the healthcare industry’s October transition to the ICD-10 medical coding system, the song titles closely approximate diagnostic…
247 MBS December 23, 2015 News

ICD-10: Know what to expect in 2016

Elizabeth Woodcock, president of Woodcock and Associates, an Atlanta-based physician practice consulting firm, described ICD-10 as 2015’s versions of Y2K: far less drama than many of us expected. The fact that we haven’t seen a flood of denials is due…
247 MBS December 22, 2015 News

25 things to know in revenue cycle management

The healthcare revenue cycle is just beginning to feel the effects of consumerism as employers, providers and patients focus on containing healthcare costs. Today’s growing financial pressures on healthcare organizations will continue to increase as consumers bear greater financial responsibility…