By: Tom Gibson Senior Vice President and Chief Financial Officer Streamline Health While the COVID-19 crisis is still a significant factor impacting healthcare delivery, many providers are also exploring their options for the resumption of normal services in their facilities. Considering the impact the pandemic has had on operations, even an incremental return of elective procedures [...]
Optimizing Financial Performance during COVID-19 and beyond:
A Hybrid Approach to Ensuring Revenue Integrity
By Randy Salisbury, MBA Senior Vice President and Chief Sales & Marketing Officer Streamline Health Healthcare organizations nationwide continue to manage the disruption from the COVID-19 crisis. Hospital CFOs have seen an increase in costs due to drastic operational changes and greater patient complexity. They’re also bracing for a tremendous decrease in revenue due to the [...]
By Nancy Hirschl, BS, CCS, AHIMA-Approved ICD-10 TrainerVice President, HIM & Product StrategyStreamline HealthWith the dramatic onset of the COVID-19 pandemic, CMS issued brand new ICD-10-CM codes to identify and reimburse COVID-based encounters, along with new—and subsequently adjusted— rules for using them. The sequence below captures the complexity of this unprecedented scenario from a medical coding [...]
Accurate coding and quality measure reporting: why you need both to maximize revenue in the short- and long-term
Trish Wharton, RHIA Vice President, Strategic Accounts, Streamline Health Let’s face it. If you look past the countless providers making a positive impact on patients’ lives every day, healthcare is essentially a business. And in order to serve its core mission of delivering quality care to its community, that business needs to be financially viable. [...]
By Julius Blum Vice President – Solutions, Streamline Health, Inc. The giant online retailer Amazon.com recently announced it may soon introduce machines to box up 600-700 customer orders per hour in an effort to speed up delivery times. That’s a whopping four to five times the rate of a human. These machines could be a [...]
By Kevin O'Neill Client Account Executive, Streamline Health, Inc. As a Client Account Executive working in HIT, I’m well aware of the challenges that providers face when preparing and submitting claims for their services. However, my first encounter with this occurred well before my professional life began. While still a teenager, a relative was receiving [...]
By Nancy Hirschl, BS, CCS, AHIMA-Approved ICD-10 Trainer Vice President, HIM Services, Streamline Health, Inc. For healthcare providers, limiting regulatory and financial risk associated with coding and billing is a core component of organizational compliance. Risks to the mid-revenue cycle can appear in the forms of undercoding, where appropriate revenue is not captured and money [...]
More and more, healthcare is becoming a consumer-driven environment. Thanks to provisions found in the Affordable Care Act (ACA), the industry is shifting from volume-based to value-based models of reimbursement. And with the establishment of the health exchanges, patients are being given even more choices when it comes to selecting coverage that most suits their budget and needs. Additionally, websites offering ratings of facilities and individual physicians are giving healthcare a consumer feel to match other industries.
Recently, Health Management Technology hosted a roundtable discussion featuring David Fletcher, Streamline’s director of solution development, as part of the publication’s newly launched Exclusive Conference Call Series. Centered on Big Data Analytics, the conversation also featured Dr. Stephen Ober, chief medical officer of Emdeon, and Bimal Naik, chief client officer of CitiusTech.
Healthcare organizations have been working with large amounts of data for many years, and while the term big data is generating a buzz within the industry, the concept is far from new. Due to the rise in the prevalence and variety of healthcare IT systems put to use in hospitals, however, the sheer quantity of information being produced is reaching new heights.