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Is Your Hospital Ready?

Healthcare providers struggle to establish their patients' out-of-pocket responsibility for specific procedures. Patients do not want to know how much their procedure will cost, they want to know how much it will cost them. With the higher percentage of patient financial responsibility included in the cost of healthcare, now more than ever providers must find a way to adjust the timing of patient collections with accurate data.
In This Issue
Hospital Billing Never Ends
Ineffective Price Transparency
Revenue360 Team Spotlight - Glenn Gross
Revenue360 Team Spotlight - Mark Poole
Current Events
Hospital Billing Never Ends
The linked New York Times Article in this section is a great example of the additional stress patients and their family experience during a planned or unplanned medical event.

Many hospitals are taking a proactive approach to pricing estimation. Hospitals know pricing estimation will eventually be mandated and as important, they are eager to increase patient good will by providing estimates as early in the patient experience as possible – eliminating that financial concern. Additionally, as consumer driven health plans continue to grow and reimbursement from payers decline, hospitals must take steps to collect patient responsible dollars at the point of service.

The days of waiting seven months for final statements to be issued, as this article suggests, are over. To stay competitive and fiscally responsible hospital personnel on the front line must have tools that assist them in understanding their patients benefits, the patients financial health and have defensible estimates of the patients out of pocket expenses so they can educate the patient on those benefits and confidently request payment.

To continue reading this article, go here

To send your comments or inquiries, please email Lois Cameron or visit www.revenue360.net
Ineffective Price Transparency
By Travis Gentry, FHS Corporation

Proponents of price transparency in the healthcare industry aspire to provide patients with meaningful information that empowers them as consumers to make decisions about their treatments. However, the effort so far has simply provided patients with information about basic hospital or clinic charges, expecting patients somehow to do something useful with it...

To continue reading this article, go here.


To send your comments or inquiries, please email Lois Cameron or visit www.revenue360.net

Revenue360 Team Spotlight - Glenn Gross
Glenn brings 20 years of sales and management experience to the Revenue360 Team. He formed the nation's first sales force to market the idea of embedding eligibility verification, patient demographic, credit and medical necessity checks, and scheduled call-back reminders into procedures at the first point of patient contact – scheduling.

Through his work with some of the nations leading healthcare organizations, Glenn has evangelized the need to automate these tedious tasks to reduce AR days, bad debt and improve upfront cash collections.

Glenn Gross
Director of National Sales
glenngross@provider-advantage.com
866.333.4205
Revenue360 Team Spotlight - Mark Poole
Mark joins the Revenue360 team with seven years of experience in healthcare technology sales. Most recently he was a Sales Executive for Eclipsys, where he sold both clinical and back-office applications to hospitals in the Midwest. Prior to Eclipsys, Mark sold ambulatory billing and clinical dialysis software.

Mark Poole
Senior Account Manager
mpoole@cincom.com
513.612.2330
Current Events
Blogs

Visit Code Green, an informative and entertaining healthcare revenue cycle blog.

Podcasts

Healthcare Matters - Listen to James Robertson interview Chris Woodhead, John Mangan and Lois Cameron on the history of Revenue360.


Exhibits

Mega Healthcare Conference
Jan 30-31
Hartford, WI

Revolution in Healthcare
Virginia HFMA Winter 2008 Education Conference
Feb 13-15
Williamsburg, VA

HFMA-AAHAM Joint Conference and Trade Fair
Feb 28-29
Tacoma, WA

National Healthcare Congress
March 2-6
Orlando, FL

NAHAM 2008
May 4-6
Dallas, TX

HFMA ANI 2008
June 24-26
Las Vegas, NV
 
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