Reading Time: 2 minutes Let’s face it: the administrative burdens in healthcare aren’t getting any easier. Documentation demands continue to rise to meet compliance measures, payer rules are ever-changing, and denial rates for claims just keep going up. In fact, a report by Change Healthcare estimates that the average hospital has $5 million in payments at risk of being denied each […]
Reading Time: 3 minutes Want to reach your end game more quickly? Make sure to add data and technology to your playbook. HME providers who manage their businesses using data operate more efficiently and profitably than those who don’t. In fact, two recent IBM studies show that enterprises that apply an advanced analytics solution have 33 percent more revenue growth and […]
Reading Time: 2 minutes Automation isn’t just for efficiency – it also provides you with the best defense against audits, which is increasingly important as HMEs face both pre- and post-payment audits.
Reading Time: 2 minutes Faced with more audits? Most HMEs are. Without a sound strategy for maintaining accurate and retrievable documentation, an audit request can disrupt operations and put your organization at financial risk. When an audit strikes, the best approach is a quick response with proof that all documentation complies with requirements. How do you achieve this? Follow […]