Integrating Healthcare Denials Management Technology for Flawless RCMOn 21st Feb 2019
The need for revenue cycle management technology has never been greater. As providers seek ways to survive under regulatory pressures like MACRA, daily CMS policy changes, and the switch to value based care, a rugged revenue cycle management system emerges as the best way to protect revenue. Without it, revenue will seep through holes caused by legacy billing processes and old systems. Knowing that technology is needed is Step One; knowing which technology to purchase is just as important.
The Benefits of Having a Revenue Cycle BlueprintOn 5th Feb 2019
When your office space no longer fits the needs of your business you have two choices; renovate the floor plan or move. The same is true of your revenue cycle management (RCM) system. When it no longer fits the needs of your healthcare organization you have two choices; fix the one you have or buy a new one. Finding an RCM solution that delivers a blueprint for continual growth, rather than a static map for the status quo, is the answer.
Best Practices to Prevent, Find and Overturn UnderpaymentsOn 21st Jan 2019
Underpayments and denials might as well be alligators in a swamp - you can’t see them and you can’t fight them until you are on the losing end. But it doesn’t have to be that way. You can implement systems that safeguard your practice from repeated revenue losses in hidden line items. It is possible to see, and successfully appeal, healthcare underpayments and denials to increase revenue and bolster your bottom line.
Underpayments and denials - a difference of root causes
Why Invisible and Remit Denials are a big threat to hospitals revenueOn 4th Jan 2019
Welcome to 2019 - a year when hospitals are still going to have to fight for revenue. It’s a swamp out there, but the right healthcare contract management system is like an airboat in the Everglades - it will add speed to your revenue stream and prevent it from being sucked underwater by unseen hazards like invisible and remit denials.
Modeling and Management of Healthcare Payer Contracts with EaseOn 26th Sep 2018
Healthcare contract management and modeling can be a daunting prospect, yet it is a core function of revenue management for all healthcare organizations. As revenue pressures continue to mount one thing remains true: the extent to which payer contracts are modeled and managed directly impacts any health organization’s ability to capture revenue.
Healthcare Providers: Know your CvC (Collected vs Collectable)On 31st Aug 2018
Healthcare Contract Management Software Benefits for Collected vs. Collectable metrics
Here is the most important revenue question for medical practices this quarter: what is the contracted rate with each payer for each plan in the facility? Are we getting paid the contracted rate on every single claim? The health of provider’s bottom line rides on the answer. Healthcare contract management software is the lynchpin between healthcare facilities and the healthy revenue that makes them sustainable.
Revenue Masters Achieves HITRUST CSF® Certification and HITRUST Certification of the NIST Cybersecurity Framework to Manage Risk, Improve Security Posture and Meet Compliance RequirementsOn 30th Aug 2018
Revenue Masters achieves HITRUST CSF Certification for their healthcare contract management software, validating commitment to meeting key regulations and protecting sensitive information.
San Diego, CA. August 14, 2018 – Revenue Masters, a leading provider of healthcare contract management software, today announced their powerful platform, RMReimbursement Accelerator, has earned Certified status for information security by HITRUST.
Reducing and Collecting on Healthcare Payer Denials and UnderpaymentsOn 13th Aug 2018
Reducing and Collecting on Denials and Underpayments Through Healthcare Payer Contract Management
Of all the pressure points faced by healthcare organizations today, healthcare payer contract management remains at the top of the list. Healthcare denials management and underpayment management are the achilles heel of every revenue cycle management function. According to MGMA, it’s estimated that seven to 11 percent of all claims are underpaid, and that is just the tip of the iceberg.