RCM Blog

13 Spooky Halloween ICD-10 Codes

October 13, 2017

In honor of Friday the 13th, beware of these spooky codes popping up this month. We've unmasked 13 ICD-10 codes which best embody the Halloween spirit.

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Hospitals Mitigate Risk by Doing This Simple Thing

September 13, 2017

Recently, a class-action suit was filed against health insurer Aetna, alleging patient privacy rights were violated by inadvertently exposing HIV statuses through an ill-fitted transparent window leaving a reference to filling HIV medications visible to anyone who handled the envelope.

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Oh The Places We'll Go: 2017 RCM Conferences

August 29, 2017

When you're focused on the day-to-day operations, it can be easy to push off attending healthcare revenue cycle conferences.

Here are a few revenue cycle conferences that the efficientC team is heading to this fall. Will you be there too? 

Below is a list of some of the top national and local healthcare conferences we suggest your revenue cycle team attend.

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[Video] JW Modifier - Drug Wastage Policy

August 17, 2017

We're more than halfway through 2017 and Centers for Medicare and Medicaid (CMS)'s drug wastage policy update. If you're like many healthcare providers, you still have a few unanswered questions. You're in luck!

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What Your Hospital Needs to Consider Before Using IM Platforms

July 06, 2017

Instant messaging (IM) platforms like Skype for Business are gaining popularity in hospitals, clinics, and healthcare organizations as a cost-effective means to increase communication across departments. 

Before adopting any instant messaging platforms for internal communications, your hospital should take into consideration the current HIPAA compliance regulations.

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HFMA ANI 2017: Chris Hegwood Q&A

June 19, 2017

Later this week, over 5,000 healthcare finance professionals are expected to descend on Orlando, Florida for the Healthcare Financial Management Association's Annual National Institute.

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Paperless Claims: It's More Than efficientC

June 08, 2017

An estimated 802 million manual and over 9 billion electronic transactions were conducted by U.S. commercial medical health plans in 2015. Healthcare providers who utilize a paperless (electronic) claims system are investing in the most efficient and accurate method to send claims to payers.  

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Patient Experience: More Than a Trend in RCM

May 17, 2017

In today’s healthcare environment, patient financial responsibility has increased dramatically — their higher level of investment in their own care has transformed hospital patients into knowledgeable consumers, and hospital care to more a commodity. Due to this increase in cost patients now expect a high-quality experience. Making their satisfaction with a trip to their provider much more important.

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10 Qualities of a Great Healthcare CFO

April 27, 2017

The role of a chief financial officer in today's dynamic healthcare landscape has evolved from a chief controller into a more strategic position overseeing many different parts of the organization — including compliance, finance, and risk management. In a 2015 survey of global CEOs by KPMG, 63% of the surveyed CEOs believe that the CFO’s role will continue to increase in significance over the next three years. 

What does it take to be a great hospital or health system CFO? It's a special blend of these 10 qualities.

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What's Eating Your Bottom Line: The True Cost of Denials

April 17, 2017

The Medical Group Management Association (MGMA) has estimated the average cost to rework a claim at $25, and it’s safe to say that cost is rising every year. Our statistics show that 90% of denials are preventable.

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