Optimizing patient access operations

Posted in Client News Coverage on Monday, July 01, 2024.

Efficient patient access is paramount for physician practices in today’s evolving health care environment. When patient access and financial clearance processes are outdated, the resulting inefficiencies create delays in the patient’s journey from initial contact to care access – delays that contribute to revenue leakage and can impact patient satisfaction.

Yet many physician groups are struggling to streamline and improve patient access operations, thanks in part to chronic staffing shortages, rising patient volumes, and more complex prior authorization requirements. As a result, they are falling short of core financial clearance benchmarks.

Medical Economics»

MDaudit’s and Revenue Integrity Tools Earn Top Honors in Golden Bridge Awards for Healthcare AI and Technology Innovation

Posted in Press Releases on Wednesday, June 26, 2024.

The company’s best-in-class continuous risk monitoring platform for revenue cycle management (RCM) also earned a spot on The SaaS Awards “Best SaaS Product for Healthcare” shortlist.

Wellesley, MA — June 26, 2024 — MDaudit, an award-winning cloud-based continuous risk monitoring platform for RCM that enables the nation’s premier healthcare organizations to minimize billing risks and maximize revenues, announced today that its and solutions received two 2024 Golden Bridge Awards for artificial intelligence (AI) and health IT innovation. The MDaudit billing compliance and revenue integrity platform was also shortlisted in the 2024 SaaS Awards program.

The generative AI-powered revenue integrity tools received a Gold Globee® in the AI in Healthcare Innovation category and a Silver Globee in the Healthcare Technology Solution category of the 2024 Golden Bridge Awards.

Alleviating the Prior Authorization Headache

Posted in Client News Coverage on Monday, June 10, 2024.

The prior authorization process has evolved in complexity as the healthcare industry transitions from fee-for-service to value-based care. At the same time, payers are expanding the number of services subject to prior authorization to establish medical necessity and appropriateness. It’s a one-two punch that leaves providers and provider organizations struggling under the weight of a prior authorization burden that, left unaddressed, can have long-term revenue cycle impacts.

Today’s prior authorization process involves time-consuming steps, including gathering and submitting medical documents to insurance companies and waiting for approval. It also often involves dealing with denials and appeals – all while guidance around required documentation becomes stricter.

Electronic Health Reporter»

Novel Applications of AI and Its Future

Posted in Client News Coverage on Thursday, May 30, 2024.

When you go to implement new technology into your organization, it’s important to look at all of the ways that it can go wrong so that way you can ensure you have safeguards and procedures in place. However, it is equally important to look at all of the ways that it can benefit your organization. After all, the ways that new technology improves the care of our patients and improves the work life of our staff is the sole reason we implement it. So while there are challenges and concerns with AI, let’s take a moment to look at its benefits and its potential.

We reached out to our talented Healthcare IT Today Community and asked them – what novel ways are you seeing AI being applied to healthcare? Where hasn’t it been applied yet that you think it should be? The following are their answers to these two questions.

Healthcare IT Today»

Maintaining the Chargemaster

Posted in Client News Coverage on Tuesday, May 28, 2024.

The charge description master, or CDM, is vital to the revenue cycle, serving as the central comprehensive file of a hospital’s chargeable items. It includes such entries as diagnostic tests, procedures, supplies, prescription drugs, and fees for equipment and room use. According to the AACP,

“Every patient revenue dollar that flows through an organization is generated through this file. Hospitals that take great care to ensure their CDM is correct are able to optimize their revenue cycle for enhanced patient experience and improved financial sustainability.”1

For The Record»

What’s in a Name?

Posted in Client News Coverage on Sunday, May 26, 2024.

The quest for a national patient identification system goes all the way back to the introduction of HIPAA in 1996. Yet decades later, the health care industry is still no closer to achieving the original goals laid out, as detailed by an op-ed that appeared in the HIPAA Journal last year.1

And while the public-private debate continues over where ownership of a patient identification standard should live, the industry at large recognizes there is much at stake when it comes to accurate patient matching and safety. The shortfalls of patient mismatching and inaccuracies are well established in the industry and can lead to information gaps in patient records, repeated testing, delayed care, and unnecessary costs. Notably, one recent study conducted by Patient ID Now revealed organizations are spending 110 hours per week resolving patient identity issues, and one-third are spending $1 million annually on patient matching.2

For The Record»

Industry Voices—Truly inclusive EHR design is within reach

Posted in Client News Coverage on Friday, May 17, 2024.

One in 4 adults in the U.S. has a temporary or permanent disability, including visual, auditory, cognitive and mobility impairments—a number that will climb as the population ages. Nearly half (46%) of Americans aged 75 and older report having a disabilitycompared to just 24% of those 65 to 74 and 12% of those 35 to 46.

The prevalence of disability is why the health IT developer community must prioritize electronic health record (EHR) designs that advance disability inclusion across healthcare, allowing patients, providers and other healthcare workers requiring accommodation to fully and effectively participate in both the provision and receipt of healthcare.

Fierce Healthcare»

EHRA recommends simplifying standards to scale SDOH

Posted in Client News Coverage on Thursday, May 16, 2024.

The HIMSS Electronic Health Records Association recently analyzed how healthcare organizations collect social determinants of health information.

While EHRA's Social Determinants of Health and Health Equity Task Force sees great value in using SDOH to help address healthcare disparities, it says a gradual transition toward more widespread adoption of standardized screeners – in sync with the health IT industry's evolution and readiness to adopt new tools – is the correct approach.

Healthcare IT News»

EHR Association Makes Recommendations on SDOH Data Capture

Posted in Client News Coverage on Wednesday, May 15, 2024.

A task force of the EHR Association has made recommendations for how social determinants of health (SDOH) data should be captured in electronic health records.

The association’s Social Determinants of Health and Health Equity Task Force's recently published “Recommendations for Determinant Capture,” notes that there is currently a lack of consensus around which SDOH domains should be assessed by healthcare providers and a standardized approach to capturing the necessary information.

In fact, as inpatient organizations prepare to start reporting on patient screenings for social determinants in 2024, the EHR Association advises that CMS consider postponing this requirement. “This delay would allow for sufficient time to gather insights and learn from industry practices,” the task force said.

Healthcare Innovation»

Best Practices for Efficient, Effective Patient Access Operations

on Monday, May 06, 2024.

The delays created by outdated patient access and financial clearance operations due to time-consuming and cost-intensive processes introduce inefficiencies that contribute to revenue leakage and lost revenues.

Streamlining the patient access process not only eliminates delays in the patient journey from initial contact to point of service, but it helps ensure patients’ financial security and timely access to necessary medical services.

By implementing a synchronized financial clearance methodology centered around a well-designed and efficiently operated patient access team and modernized processes, revenues are accelerated through decreased payment delays due to front-end errors, as well as a reduction in rescheduled appointments and improved patient satisfaction.

ICD10 Monitor»

Best Practices For Effective Patient Access Services

Posted in Client News Coverage on Saturday, April 20, 2024.

Time-consuming and cost-intensive processes within outdated patient access and financial clearance operations contribute to delays in the patient journey from the initial point of contact to the date of service – delays that introduce inefficiencies into the process and contribute to lost revenues. Streamlining these patient access processes is crucial to ensuring that patients are financially secure and have timely access to necessary medical services.

A synchronized financial clearance methodology centered around a well-designed and efficiently operated patient access team and modernized processes will accelerate revenue by decreasing payment delays caused by front-end errors, reducing rescheduled appointments, and improving patient satisfaction. Driving this patient access overhaul are new technologies and innovative solutions that streamline operations by engaging people, processes, and technology through collaboration and communication.

Healthcare Business Today»

Putting 2024’s Split/Shared Services Billing Regulations into Practice

Posted in Client News Coverage on Friday, April 19, 2024.

Medicare providers in hospitals and skilled nursing facilities (SNFs) are adjusting to new split/shared services documentation and billing regulations rolled out by the Centers for Medicare and Medicaid Services (CMS) as part of the 2024 Medicare Physician Fee Schedule (MPFS) final rule. The most notable change within the new regulations, which took effect on Jan. 1, 2024, is the finalization of CMS’s definition of the “substantive portion” of a split/shared evaluation and management (E/M) visit.

HIT Consultant»

TEFCA is live: What’s next?

Posted in Client News Coverage on Tuesday, April 09, 2024.

The ability for healthcare providers to appropriately connect with and securely share electronic health information with network stakeholders that are managing patient care is critical to support care coordination, continuity, and improved clinical decision support.

It is also crucial for supporting the patient’s ability to fully access their health record and enabling authorized parties to access any relevant and appropriate information for other purposes such as healthcare operations, benefits determination, public health and other authorized purposes.

Health Data Management»

Concerns and Uncertainty In the Wake of Sweeping HTI-1 Rule

Posted in Client News Coverage on Monday, April 08, 2024.

In the months that have passed since the Office of the National Coordinator for Health Information Technology (ONC) issued the final Health Data, Technology, and Interoperability: Certification Program Updates, Algorithm Transparency, and Information Sharing (HTI-1) rule, the health IT sector has been working diligently to meet the earliest compliance timelines even as it continues an in-depth analysis of the regulatory impact on both developers and the providers who use certified technology.

Electronic Health Reporter»

Oral Cancer Cause Joins with the V Foundation for Cancer Research

Posted in Press Releases on Thursday, April 04, 2024.

LARGO, Fla. – (April 4, 2024) – Oral Cancer Cause (OCC), a non-profit organization focused on improving the lives of oral cancer patients and their families, announced today that it will be joining forces with top-rated cancer charity, the V Foundation for Cancer Research, to support lifesaving research. By directing funds through the V Foundation, OCC will shift its focus to supporting carefully vetted, cutting-edge oral cancer research at prominent cancer centers nationwide.