Does your hospital have a clear and definitive policy for charge descriptions? Hospitals and health systems are often challenged by how they should address billing descriptions, and consultants may overlook the importance of quality descriptors for long-term file management.
Charging policies for implanted devices have long posed a challenge for hospital CDM management. The latest guidance from CMS aims to simplify revenue code assignment by introducing a more standardized interpretation of implant devices.
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.
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?
Have you ever wondered how hospital prices became so irrational? As is often the case, things changed incrementally. Hospitals and healthcare systems have experienced years of inadequate inflationary update factors, often reduced by factors such as presumed over-coding under the federal inpatient and outpatient prospective payment systems.
CMS penalties have dramatically increased since the Price Transparency Rule was released, and providers must take heed before CMS and a legislative gauntlet arrive at their front door.
Following the recent unveiling by federal officials of the 2021 Outpatient Prospective Payment System (OPPS) Final Rule, Panacea Healthcare Solutions has created a comprehensive Final Rule Summary highlighting some of […]
The comprehensive diagnostic review includes analysis of CMS Price Transparency shoppable items and services to alert providers of risks and opportunities.
Charge Description Best Practices
/in Chargemaster, Expert Opinions, Revenue Integrity /by Panacea InsightsDoes your hospital have a clear and definitive policy for charge descriptions? Hospitals and health systems are often challenged by how they should address billing descriptions, and consultants may overlook the importance of quality descriptors for long-term file management.
CMS Guidance for Implants
/in Chargemaster, Expert Opinions, Revenue Integrity /by Panacea InsightsCharging policies for implanted devices have long posed a challenge for hospital CDM management. The latest guidance from CMS aims to simplify revenue code assignment by introducing a more standardized interpretation of implant devices.
HIS Implementation: Charge Data Mistakes & Safeguards
/in Chargemaster, Expert Opinions, Revenue Integrity /by Panacea InsightsMore 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.
Pricing Strategies. What’s Your Defense?
/in Featured, Price Transparency /by Panacea InsightsIn 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.
Chargemaster Spring Cleaning Tips
/in Chargemaster, Revenue Integrity /by Panacea InsightsIt’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.
Mergers + Acquisitions: Is Your Chargemaster Strategy Sound?
/in Featured, Revenue Integrity /by Panacea InsightsExpansion—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?
How to Rationalize Chargemaster Prices
/in Featured, Revenue Integrity /by Panacea InsightsHave you ever wondered how hospital prices became so irrational? As is often the case, things changed incrementally. Hospitals and healthcare systems have experienced years of inadequate inflationary update factors, often reduced by factors such as presumed over-coding under the federal inpatient and outpatient prospective payment systems.
How to Comply With (and Exceed) the CMS Hospital Price Transparency Rule Requirements
/in Price Transparency /by Panacea InsightsCMS penalties have dramatically increased since the Price Transparency Rule was released, and providers must take heed before CMS and a legislative gauntlet arrive at their front door.
Panacea Unveils Comprehensive Summary of 2021 OPPS Final Rule
/in Expert Opinions, Revenue Integrity /by Panacea InsightsFollowing the recent unveiling by federal officials of the 2021 Outpatient Prospective Payment System (OPPS) Final Rule, Panacea Healthcare Solutions has created a comprehensive Final Rule Summary highlighting some of […]
Panacea Announces No-Cost Diagnostic Review of Hospital Chargemaster ahead of CMS Final Rule Posting Deadline
/in News, Price Transparency /by Panacea InsightsThe comprehensive diagnostic review includes analysis of CMS Price Transparency shoppable items and services to alert providers of risks and opportunities.