Digital Innovation and AI in Revenue Cycle Management
Digital Innovation and Artificial Intelligence are two huge topics recently in the world of Healthcare IT. We’ve talked about the many areas in which they are actively making a difference, and the areas in which they could make a difference, if applied. Let’s now take...
Strategies to Focus Internal Audit Activities
Healthcare staffing shortages, declining margins, and lower reimbursements brings renewed attention to operational expenditures. Yet as the volume of administrative work continues to climb, this means getting more done with fewer resources. So it may be a good time to...
Clinical audits and denials impact 3% or more of NPR being held in reserve
Clinically avoidable denials continue to impact revenue, slow cashflow and increase bad debt, yet CFOs have limited insight into why these denials occur and how to avoid them. Half of healthcare organizations hold more than 3% of total net patient revenue (NPR) in...