For hospital CFOs and other hospital financial executives, revenue integrity cannot be a pie-in-the-sky concept; it must also be a data-driven, actionable goal, according to a blog post from revenue cycle firm Craneware.
Hospitals that want to secure correct reimbursement figures for their bottom lines while maintaining the integrity of the reimbursement system should follow these three guidelines:
1. Readily access the right data and compliance information.
2. Understand the context of the data.
3. Bring together data, context and decision support in a way that allows hospital revenue cycle teams to take action.
Hospitals that want to secure correct reimbursement figures for their bottom lines while maintaining the integrity of the reimbursement system should follow these three guidelines:
1. Readily access the right data and compliance information.
2. Understand the context of the data.
3. Bring together data, context and decision support in a way that allows hospital revenue cycle teams to take action.
More Articles on Hospital Revenue:
5 Main Revenue Cycle Issues Spurred by Healthcare Reform
Clinical Documentation Improvement: What Executives Need to Know and the Financial Impact of Neglect
How Healthcare Providers Can Protect Legitimate Revenue, Avoid Risks to the Bottom Line