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Revenue Cycle Optimization: Enhance the Patient Experience with Epic Patient Estimates

Posted by The HCI Group on August 22, 2018 at 1:05 PM

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Revenue Cycle Optimization: Enhance the Patient Experience with Epic Patient Estimates


Consumers now shop for healthcare like they do just about anything else. Confused by complex insurance provisions and upset by post-care bills, patients want pre-care estimates.

Healthcare organizations that provide patient estimates are currying favor with this new breed of consumers, thus helping them to increase revenue through customer satisfaction and repeat visits. Providers also are covering a greater percentage of their costs by collecting upfront payments tied to estimates.

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Topics: Revenue Cycle, Epic

Revenue Cycle Optimization: Epic Real Time Eligibility Integration

Posted by The HCI Group on August 14, 2018 at 11:14 AM

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Revenue Cycle Optimization: Epic Real Time Eligibility Integration

Are you getting the most out of your Epic insurance verification integration? There have been many advancements in Epic’s RTE functionality in recent years that when implemented, provide significant ROI. 

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Topics: Revenue Cycle

3 Things Healthcare Providers Should Be Using By 2020: Artificial Intelligence, Machine Learning, Automation

Posted by The HCI Group on August 8, 2018 at 11:02 AM

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3 Things Healthcare Providers Should Be Using By 2020: Artificial Intelligence, Machine Learning, Automation

Contrary to popular belief, artificial intelligence and machine learning technology is not currently capable of destroying humanity as we know it. Artificial intelligence (AI), machine learning (ML), and automation in all its forms could, however, serve as the most powerful tools in our toolbelt in the world of healthcare IT. These technologies help us to manipulate, interpret, and manage data in ways we never could.

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Topics: Artificial Intelligence, Digital Transformation, RPA, Revenue Cycle

Revenue Cycle Management: Improving Efficiency and Increasing Revenue with Robotic Process Automation

Posted by The HCI Group on March 5, 2018 at 11:37 AM

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Revenue Cycle Management: Improving Efficiency and Increasing Revenue with Robotic Process Automation

An expense is a cost for providing care. An uncovered expense is a liability that grows more significant with each passing day. The longer your accounts receivable age, the greater your burden of carrying them becomes. Submitting claims, and often re-submitting them, drains time and money from your healthcare organization. The post explores how robotic process automation can help improve efficiency and increase revenue within the revenue cycle process.

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Topics: Revenue Cycle, RPA

Revenue Cycle Optimization: 3 Benefits of Collecting Payments Upfront

Posted by The HCI Group on February 7, 2018 at 4:49 PM

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Revenue Cycle Optimization: 3 Benefits of Collecting Payments Upfront

 

Medical debt is exploding as patients assume more responsibility for healthcare costs. Already accountable for 10 percent of US health expenditures, out-of-pocket spending is expected to reach $542 billion by 2025. But, payments lag billings. Since 2000, U.S. hospitals have provided more than $502 billion in uncompensated care expenses. It’s not just for uninsured patients either. The rate of bad debt for insured patients is increasing by more than 30 percent each year at some hospitals.

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Topics: Revenue Cycle

Revenue Cycle Optimization: End-to-End Assessments

Posted by The HCI Group on October 5, 2017 at 9:55 AM

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Revenue Cycle Optimization: End-to-End Assessments

  

Revenue cycle optimization provides financial stability for your healthcare organization, but optimal performance is difficult. An end-to-end revenue cycle assessment can identify bottlenecks that slow your cash flow. In examining revenue cycle management at each operational phase, you can spot opportunities to improve your overall process. 

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Topics: Revenue Cycle

Epic Ambulatory Go-Live: 3 Tips to Avoid Revenue Loss

Posted by The HCI Group on September 8, 2016 at 4:46 PM

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Epic Ambulatory Go-Live: 3 Tips to Avoid Revenue Loss

An Epic ambulatory implementation, especially one that covers multiple sites and incorporates both clinical and financial applications, can significantly disrupt an organization’s revenue. In this blog, HCI Revenue Cycle expert Chelsea Wyatt discusses ways in which an organization can guard against revenue disruption during an ambulatory implementation.

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Topics: Revenue Cycle, Epic Go-Live, Go-Live Support, Epic

Revenue Cycle Management: Key Steps in Preserving Revenue Integrity During Install

Posted by The HCI Group on July 30, 2015 at 11:55 AM

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Revenue Cycle Management: Key Steps in Preserving Revenue Integrity During Install

The EHR Implementation Go-Live Series

The biggest disruption in the RCM process is that the vast majority of charges (usually around 80%) are now actually entered by the clinicians themselves. Here is what your organization will probably look like post Go-Live:

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Topics: EHR Implementation, Optimization & Adoption, Revenue Cycle, Go-Live Support

Revenue Cycle Management (RCM). Bank on your Procedures: Charge for every procedure billable and performed.

Posted by The HCI Group on October 30, 2014 at 8:02 AM

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Revenue Cycle Management (RCM). Bank on your Procedures: Charge for every procedure billable and performed.

Steps to generate additional revenue with your Electronic Medical Record system

In the second installment of our new Revenue Cycle series, the HCI Group looks at how a staggering amount of the issues that cause a large drop in baseline revenue on Go-Live are due to charging. Download the paper to learn what steps you can take to generate additional revenue with your Electronic Medical Record (EMR) system.

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Topics: Revenue Cycle, Go-Live Support

Revenue Cycle Management (RCM) Post EHR Implementation: Much Ado About Charging

Posted by The HCI Group on October 22, 2014 at 9:55 AM

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Revenue Cycle Management (RCM) Post EHR Implementation: Much Ado About Charging

Are you struggling to identify what causes a revenue decline after an EMR Go-Live?

In the first part of our new Revenue Cycle series, the HCI Group’s Chelsea Wyatt looks at how hospitals can avoid the potential revenue pitfall during the revenue cycle management process.

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Topics: Revenue Cycle, Go-Live Support

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