MGMA18, an annual conference by the Medical Group Management Association, presents learning sessions, compelling speakers, a tradeshow and networking opportunities for medical group practice managers who are interested in learning optimized methodologies. More than 5,000 professionals — including medical practice and hospital executives, physicians and consultants — are expected to attend the trade event Sept.…
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Value based healthcare is expected to impact debt collections for the average 350-bed hospital, a classic American institution that is losing about $22 million each year according to the Advisory Board. The transition from the traditional fee-for-service payment model to value based healthcare is expected to be “painful” in the short term, but most experts…
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Effective medical collections procedures are essential in maintaining a thriving and profitable medical practice. To assist U.S. medical professionals and healthcare organizations, the American Medical Association (AMA) provides an extensive archive of practice management resources focused on the billing and collections process. The association’s website offers both open-access and member-only content. The Practice Management tab…
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The first two articles in this series discussed the early and middle stages of revenue cycle management where healthcare executives, administrators, controllers, CFOs and collections managers use key performance indicators (KPI) to determine financial stability in their respective organizations. Metrics play a critical role in a spectrum of industry-specific financials where accurate auditing, reporting, monitoring…
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What’s in a number? … For the vanguards of revenue cycle management — treasurers, government reimbursement administrators, cost accounting directors, controllers, chief financial officers, and billing and collections managers — a number can have special meaning if it happens to be a key performance indicator (KPI) in the healthcare industry. These medical industry professionals rely…
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The eighth annual HIMSS Revenue Cycle Solutions Summit will assist healthcare financial professionals in optimizing the revenue cycle at healthcare organizations through educational seminars lead by world-class speakers, special networking events and an exhibit hall staged with the latest health IT technologies. According to the Healthcare Information and Management Systems Society (HIMSS), “Revenue cycle performance…
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