News: Recent survey finds less than half of healthcare providers are ready to publish their standard charges to meet the CMS price transparency requirement
Survey overview: During a recent webinar on Developing a Pricing Strategy for the 2019 CMS Transparency Requirement, Panacea surveyed 450 healthcare executives to gauge their readiness in meeting the January 1, 2019 CMS Final Transparency Rule deadline.
Article: CMS Price Transparency Requirement: Steps Towards Ensuring Compliance and Defensible & Rational Pricing
The CMS 2019 transparency requirement underscores their ongoing initiative and emphasis on empowering patients through better access to hospital charge information.
News: Panacea to Spotlight Current Hot-Buttons in CPT coding at 2018 Radiology Business Management Association’s Educational Symposium
Panacea’s Vice President of Radiology and Cardiology will reveal how to find core information that leads to precise charge capture at the 2018 RBMA California Chapter’s annual educational symposium in Costa Mesa, Calif., September 14.
News: It’s that time of the year! The 2019 ICD-10 CM and PCS code changes have been released.
Total number of code changes are ICD-10-CM are 473. 279 new codes, 143 revised codes and 51 deactivated codes.
Article: It’s a Fact: Revenue Integrity Programs Increase Net Revenue
Is your revenue integrity program performing at full capacity? Perhaps more important, do you have a revenue integrity program (or department) at all? A survey conducted by the Healthcare Financial Management Association (HFMA) reports that less than half (44%) of providers contacted have a revenue integrity department to track accurate coding and charge capture, establish […]
News: Panacea to Unveil Enhanced Hospital Strategic Pricing System at HFMA 2018 Conference
Lehi, Utah, Panacea, a leading provider of mid-revenue cycle management, smart software and enterprise-level educational solutions, will unveil its enhanced strategic pricing system at the 2018 Healthcare Financial Management Association (HFMA) annual conference, June 24–27 in Las Vegas. Panacea’s strategic pricing system, Hospital Zero-Base Pricing®, will provide unparalleled functionality, speed and reporting capabilities for large […]
Article: Does your organization have a strategic plan to address CMS FY19 IPPS proposed rule that requires hospitals “to make public their standard charges via the Internet?”
Written By: Fred Stodolak, Executive Vice President, Mark Spehar, Senior Vice President, Financial Services, Henry Gutierrez, Vice President, Financial Services There is an increasing debate surrounding CMS FY2019 IPPS proposed rule, published April 24, that would require hospitals “to make public a list of their standard charges via the internet.” Discussions around this topic have […]
HFMA Awards Panacea “Peer Reviewed” Designation for 2018
May 23, 2018—Panacea, a Career Step company and leading provider of revenue cycle management, smart software and enterprise-level educational solutions, is pleased to announce that after a rigorous review, the Healthcare Financial Management Association (HFMA) has awarded Panacea’s CDMauditor® Hospital Zero-Base Pricing® its “Peer Reviewed by HFMA” designation. Panacea’s Comparative Hospital Data™, Unit Cost Estimator, […]
Article: Cultivating Homegrown Inpatient Auditors
By training coders who already are on staff, hospitals leverage institutional knowledge and build career paths. Changes in payment policies, laws, and regulatory oversight are forcing healthcare organizations to respond to increased regulatory scrutiny and audits. Medicare audits have increased by 936 percent in the past five years*. Ad hoc inpatient audits are no longer enough […]
News: Panacea Responds to CMS FY19 IPPS Proposed Rules Requiring Hospitals to Publish Their Chargemaster Prices Online
Lehi Utah, May 10, 2018 Panacea announced today that their Hospital Zero-Base Pricing® system will align with the proposed IPPS rules for FY 2019 released by the Center for Medicare and Medicaid Services (CMS). The proposed rules issued by CMS on April 24 require healthcare organizations to publish their “standard charges” online by January 1, […]
The Top 3 Compliance and Auditing Mistakes and How to Avoid Them
/in Featured /by Panacea InsightsIn today’s environment of increasing regulatory oversight and ever-changing reimbursement policies, compliance must be more than a checkbox. Though an annual compliance and audit plan is not legally mandated, there are few healthcare organizations that don’t have compliance on their radars. However, if your compliance focus is simply to check a box, you’re missing out.