What You Need To Know About MACRA, MIPS & Incentives
2017 is seeing some changes coming down the healthcare industry pike. Not just because of the government’s decision to not repeal and replace the ACA, but because of other changes that are coming in the way payments, reimbursements and other transactions are handled. The American Hospital Association is closely watching as changes known as MACRA... Read More →
How the Shift to Cloud-Based Revenue Cycle Management Is Boosting Technology Spending
Revenue cycle management, or RCM has steadily grown to become an important factor in the financial health of many medical and healthcare organizations. A lot of clinics, hospitals and other groups find themselves trying to balance the needs of providing quality medical care, while at the same time cutting costs. This is going to be... Read More →
How Outsourcing RCM Simply To Improve Inefficiencies Can Pay For the Service Itself
The medical/health and insurance industries are all facing increasingly uncertain times as matters of operation, profit, financial solvency and, most important of all, payment systems for Americans currently do not stand on solid ground. With the lack of government progress coming up with a solid plan to repeal and replace the Affordable Care Act, the... Read More →
Revenue Cycle Best Practices
Maintaining a strong stream of revenue for your practice has always been a delicate balancing act. Wages have not steadily increased at the same rate as inflation, and more and more families are saddled with sky-high consumer debt, and ever-decreasing job opportunities. In this difficult climate, however, there are ways to improve your revenue cycle... Read More →
What You Need to Know About MACRA Reform
On October 14, 2016, the Centers for Medicare and Medicaid Services (CMS) outlined the final regulations for the Medicare Access and CHIP Reauthorization Act (MACRA). What does this mean to you, your staff and your patients? The new Medicare reform law that replaces the Sustainable Growth Rate (SGR) formula has many differences – far too... Read More →
Billing and Collection Workflow for your Practice
If you want your practice to be trusted, thrive and lead in your field, it is imperative to have a system in place that tracks your patient’s needs from consultation to treatment to release. Rev – Ignition is one of the leading Revenue Cycle Management (RCM) providers in America, and we deliver solutions that ensure... Read More →
The Key to a Smooth Front Office Workflow
Paperwork. It can be the last thing you want to deal with during (or after) a busy day serving patients. At Rev-Ignition our revenue cycle management (RCM) services and software can help you avoid the most common mistakes healthcare practices make by simplifying your record keeping – helping you to build significant revenue. Contact us to... Read More →
How Changes in Medicare Physician Payment Will Transform the Industry
In April of 2016, the Department of Health and Human Services (HHS) proposed a new health care act that could potentially have a bigger transformative effect on the healthcare industry than the Affordable Care Act. The Medicare Access and CHIP Reauthorizing Act of 2015 – or MACRA as it’s known – will foster changes in... Read More →
Why are Revenue Cycle Systems Important for Value-Based Care?
It’s no secret that the healthcare industry has seen some significant changes over the past several years. With the creation of the Affordable Care Act in 2008, it got the ball rolling for numerous other changes and reforms designed to make the healthcare system better for patients. One of the biggest changes in recent history... Read More →
Revisions to Payment Methodology?
According to a newly released announcement by the Centers for Medicare and Medicaid Services (CMS), revisions to the payment methodology regarding clinical diagnostic laboratory tests under the Clinical Laboratory Fee Schedule (CLFS) will soon be determined by the weighted median of private payer rates per test. These include health insurance issuers, group health plans, Medicare... Read More →