The CMS hospital price transparency rule is up and running, and hospital revenue cycle management leaders are expressing their concerns. From challenges acquiring resources to working with medical billing companies for hospital billing services, this piece will update you on recent reactions to the rule, review what it entails, and cover challenges that 2022 has brought in meeting its requirements.
Healthcare denial management is always challenging, to the point that many providers work with a range of medical billing and coding services to make sure they’re keeping their denials low and optimizing cash flows. But since the COVID-19 pandemic, many elements of the denial management process have shifted.
While many organizations were figuring out how to go remote during the pandemic, healthcare revenue cycle management teams were pioneering virtual work. Since hospitals had to stay open, revenue cycle teams were some of the first workers to figure out how to make remote work. But even before that, coders were already working remotely. Today, many hospital leaders have leaned into the efficiency and benefits of remote work – but there are still challenges. This article will walk you through some of those challenges, as well as tips on how to step into the future of remote work for your hospital revenue cycle management team.
The administration side has also seen challenges, with leaders opting to invest in remote labor and rethink much of their hospital revenue cycle management staffing strategy. Some have even considered outsourcing to hospital billing services. To keep up, leaders like you will need to stay on top of how these challenges are impacting healthcare organizations and how hospital revenue cycle management solutions can step in to fill the gaps. To help you get started, here’s an overview of what you need to know about hospital revenue cycle management labor challenges today.
