Adams County Regional Medical Center, a 25-bed critical-access hospital in Seaman, Ohio, was able to curb million-dollar losses in its revenue cycle after it implemented new chargemaster software, according to a Craneware news release.
Scott Smith, CFO of ACRMC, said the hospital was losing an average of $3 million per year, but a reduction in errors and the improvement of proper pricing, charging and coding helped to bring in new revenue.
The chargemaster software was also able to provide instant access to financial and regulatory coding resources, which helped identify roughly $1.3 million in potential financial performance improvements.
Scott Smith, CFO of ACRMC, said the hospital was losing an average of $3 million per year, but a reduction in errors and the improvement of proper pricing, charging and coding helped to bring in new revenue.
The chargemaster software was also able to provide instant access to financial and regulatory coding resources, which helped identify roughly $1.3 million in potential financial performance improvements.
More Articles on Craneware:
Case Study: How Advocate Health Care in Illinois Improved its Chargemaster
RAC "Take-Backs" Increase, Expected to Escalate More
How to Build RAC-Proof Admission Screening Criteria