Centers for Medicare and Medicaid Services revealed the Medicare Shared Savings Program
An announcement released on June 6 by the Centers for Medicare and Medicaid Services revealed the Medicare Shared Savings Program is going to gradually introduce a new approach for cost calculations beginning January 1, 2017. The new cost calculations will be based on regional healthcare trends as opposed to national spending trends in the second... Read More →
Rev-Ignition partners with Patient Pay
We’re excited to announce that we will move from a paper-based billing process to a paperless one from PatientPay, the leader in patient healthcare payment solutions. “The decision to eliminate paper from the patient billing process for our clients nationally was driven by the desire to generate faster patient payments for them. The move to... Read More →
Healthcare provider reimbursement under Medicare Shared Savings Program
In their press release dated June 6, 2016, the Centers for Medicare and Medicaid Services (CMS) announced the adoption of a final rule that will encourage more physicians to improve patient care by joining Accountable Care Organizations. This adjustment represents a shift in Medicare from paying for each service a physician provides towards a system... Read More →
Rev-Ignition Shifts Patient Billing to Paperless Solution
Revenue Cycle Management Company Selects PatientPay Durham, NC and Temecula, Calif. (PRWEB)June 01, 2016 Rev-Ignition, a leading revenue cycle management (RCM) company serving a broad network of healthcare providers, will move from a paper-based billing process to a paperless one from PatientPay the leader in patient healthcare payment solutions, the companies today announced. “The decision... Read More →
Outsourcing your medical billing: the “four Cs”
Whether it’s from wave after wave of new regulations adding to the complexity of the revenue cycle process, to the economic impact on the patient of rising healthcare costs, it has become increasingly difficult for doctors to get paid. Collecting on a claim is costly and time-consuming enough, but following up on a claim rejection... Read More →
Innovating Revenue Cycle Management: an end-to-end approach
Healthcare providers are faced with the care of more than just their patients. They also have to manage their cash flow. Changes in the U.S. healthcare system over the last several years have made it more necessary than ever to automate; using advancing technologies and processes to improve both patient care and revenue cycle management.... Read More →
HBMA’s eight tips to improve patient collections
The changing landscape of patient collections accounts for the biggest challenges in revenue cycle management. According to the Healthcare Billing and Management Association (HBMA), fully 30% of healthcare provider revenue now comes from patients, rather than insurers. The problem is that patients are overwhelmed with the rising cost of healthcare, so bills go unpaid or... Read More →
What the switch to value-based care and other changes to Medicare reimbursements means for small practice physicians
The Medicare Access and CHIP Reauthorization Act, or “MACRA”, passed by Congress in 2015, permanently repeals the sustainable growth rate (SGR) formula and stabilizes Medicare payments for physician services with positive updates through the end of 2019 and beyond. “It replaces Medicare’s multiple quality reporting programs with a new single ‘MIPS’ program that makes it... Read More →
Plugging the holes in your revenue cycle
Revenue cycle management in today’s healthcare market faces a number of challenges, from costs rising faster than reimbursements, to high-deductible insurance plans, insurance denials, to underpayments and missed eligibility. These challenges have made some healthcare facility administrators gun shy about adopting necessary changes. Replacing your revenue cycle system can seem daunting and expensive, certainly, but... Read More →
Helping Healthcare Providers Through Better RCM
How updating billing and payment systems can increase revenue The ability to collect and process timely payment is crucial to the financial viability of any healthcare practice. This can be accomplished through improved revenue cycle management (RCM). A key part of successful RCM is employing updated automated billing and payment systems. A 2016 survey of... Read More →