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BESLER acquires majority ownership in Panacea Healthcare Solutions Inc.

December 12, 2019 – BESLER, a market leader in revenue recovery and hospital reimbursement solutions, today announced an agreement to acquire majority ownership of Panacea Healthcare Solutions Inc. (“Panacea”), a leader in hospital and physician revenue cycle services and supporting technology.

Change is Coming for E&M: Start Preparing Now for 2021

Change is coming to the world of Evaluation & Management (E&M). With the Final Rule CY2020 Physician Fee Schedule now published, we know there are big changes to be expected in 2021. The good news is that there’s a year to prepare—but you have to make good use of that time if your practice is […]

[Complimentary Live Webinar] Prepare for FY2020 IPPS Changes with Panacea’s Trusted Coding Experts.

Join us for this important webinar on Wed, Nov 13, 2019, at 1 pm ET, and take a deep dive into the Inpatient Prospective Payment System (IPPS) FY2020 changes. Earn 2 CEUs.

Are You Reconciling Your Laboratory Orderables to Your Chargemaster? A How-To in 4 Steps

Over the last several months we’ve seen an uptick in requests from clients nationwide for help reconciling laboratory orderables to chargemasters. In case you’re in this same boat, we wanted to provide some insight into the steps you should be taking.

Recommendations to Providers on Price Transparency Priorities to Address Now

Read Unpacking CMS’ 2020 Proposed Expanded Rules for Hospital Price Transparency to gain a better understanding of the Proposed Rules for Hospital Price Transparency released by CMS on July 29, 2019. The comment period ended September 27, 2019, and the final rule is forthcoming.

Unpacking CMS’ 2020 Proposed Expanded Rules for Hospital Price Transparency

On January 1, 2019 the Hospital Price Transparency Rule took effect mandating hospitals publish their price lists online in a machine-readable format. Hospitals complied by making their charge description master (CDM) available via download in CSV or similar format. The result fell far short of CMS’ goal of empowering patients to become “active healthcare consumers” […]

Summary of the Centers for Medicare and Medicaid Services (CMS) and the American Medical Association (AMA) payment and coding updates for Q4′ 2019

We’ve summarized the Centers for Medicare and Medicaid Services (CMS) and American Medical Association (AMA) payment and coding updates being implemented October 1, 2019. The updates should be reviewed for possible implementation in your hospital chargemaster and/or reviewed by applicable coding and billing staff.

Is Your Staff Struggling with How to Bill Lab Services? 4 Steps to Better Results

As laboratory services are one of the highest revenue-producing departments in most health systems, it’s incredibly important to bill these services correctly. However, it’s also an area fraught with lots of guidelines and restrictions—and with many staff members throughout the hospital system working laboratory accounts, there is a high risk of errors and inconsistencies. This […]

Pricing Transparency is Here. What Now? What next?

On August 2, 2018, the Centers for Medicare & Medicaid Services (CMS) issued a final rule that was intended to empower patients through better access to hospital price information.  Current laws already required hospitals to make public a list of their standard charges, but the new requirement which became effective on January 1, 2019, required […]

Pricing Strategies. What’s Your Defense?

In today’s era of intense public scrutiny on medical costs, what’s your pricing strategy? Does it pass the test of fairness and accuracy, without sacrificing revenue objectives?