by Medical Accounts Systems | Nov 13, 2018 | Healthcare Revenue Cycle Management, hospital bad debt, hospital extended business office
Private practices—especially those that provide elective procedures—typically have to deal with the HIPAA violation waiting to happen that is social media. One wrong tweet, status update, or Instagram story can result in hefty fines. Hence, to protect a practice as...
by Medical Accounts Systems | Nov 9, 2018 | Healthcare Revenue Cycle Management, hospital bad debt
A lack of proper referral management and patient leakage are causing healthcare organizations a significant loss in revenue, more than ten percent according to a new survey. On top of that, nearly twenty percent of healthcare leaders are missing out on significant...
by Medical Accounts Systems | Nov 6, 2018 | Healthcare Revenue Cycle Management, medical debt collection
Generally speaking, the revenue cycle is solely responsible for monitoring money flow in a healthcare organization. But have you ever stopped to consider what kind of role it may play in influencing a patient’s experience? After all, there are several instances where...
by Medical Accounts Systems | Nov 1, 2018 | Healthcare Revenue Cycle Management, medical payment systems
In an emergency situation such as a hurricane, a healthcare system may forget to prioritize HIPAA Privacy Rule compliance. In some cases, HHS may decide to issue a HIPAA requirement waiver in an emergency scenario, such as when Hurricane Florence caused massive...
by Medical Accounts Systems | Oct 30, 2018 | Healthcare Revenue Cycle Management, hospital extended business office
A recent study from the RAND Corporation and the American Medical Association shows that compared to four years ago, physician practices are not as willing to take part in alternative payment models with downside financial perils. Interestingly, back in 2014,...
