More and more hospitals are pursuing hospital information system (HIS) conversions, and there is a growing trend of inaccurate chargemaster (CDM) data left in the wake. This article highlights frequently encountered systems implementation mistakes that may be placing your charge data integrity at risk.
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? In this article, Panacea’s experts share their recommendations on where to start.
It’s time to revisit your organization’s charge management priorities now that the busy first quarter is behind us. Here are seven easy “spring cleaning” tips that result in dramatic, strategic improvements.
In the era of healthcare transformation, strategic pricing projects equipped with technology and expertise stand as the linchpin for hospitals seeking financial resilience. By embracing a comprehensive approach, hospitals can navigate the intricate landscape of pricing with confidence, ensuring a sustainable and adaptable financial future.
Your chargemaster is the fuel that runs your revenue cycle engine, serving as the basis for your reimbursement and financial success. Find out how to maintain a successful chargemaster management program and keep the engine running at top performance.
These three commonly misunderstood areas can land you in a heap of trouble, whether under HIPAA, the Federal Trade Commission’s enforcement authority, or a state law.
An effective staff training program is the foundation that allows healthcare organizations to foster a culture of competence, compliance, and quality care. Elevate your healthcare team with these key strategies from our experts at First Healthcare Compliance.
Workplace violence is a serious concern in the healthcare industry, posing significant risks to both patients and healthcare professionals. Learn about the challenges faced by healthcare professionals when it comes to workplace violence and gain strategies to mitigate and prevent these incidents.
In an era where data-driven scrutiny and patient-centered decision-making converge, the importance of defensible pricing in healthcare cannot be overstated. By strategically aligning prices with actual costs and market dynamics, providers can weather the storm of price transparency and emerge as leaders in a landscape defined by trust, competitiveness, and financial sustainability.
Expansion—through mergers, acquisitions, joint ventures and other strategic partnerships—has become an important tool in a hospital’s strategic wheelhouse. As your footprint expands to encompass the entire continuum of care, how do you ensure your chargemaster strategy is sound and consistent?