Improvements in the revenue cycle can have an immediate impact on the bottom line. Enabling electronic billing and payment by payers and patients, improving the pre-registration process, reducing claims denials and other similar functions helps to ensure that revenues are earned and recorded more efficiently and are converted to payment more quickly. This Virtual Briefing will focus on best practices to improve the Revenue Cycle Management process ultimately leading to an increase in patient satisfaction and access and the overall efficiency of the revenue cycle management life cycle.
|11AM-11:30AM CT||Building a Financial Foundation for the Future (Sponsored Session)|
|Abstract: For the past few years, the technological focus in healthcare has been on clinical systems—electronic health records and achieving meaningful use. With all the recent mandates and changes, now is the perfect time to focus on the financial side of operations. Accountable care, bundled payments, and “value-based” reimbursement will require an entirely different business model than the one that most hospitals are accustomed to. To be successful in this new era, a different type of revenue cycle solution must be considered. This session, will look at three critical components that will soon become required for a successful operation of the business side of healthcare.
|11:45AM-12:15PM CT||Using Effective Revenue Cycle Management to Lead to “Inspired Medicine”|
|Abstract: Montefiore Medical Center, the academic medical center and University Hospital for Albert Einstein College of Medicine, is nationally recognized for clinical excellence and in their own words delivers “inspired medicine”. Clinical excellence alone, however, will not lead to overall success for your health system. In this presentation, we will explore the best practices Montefiore Medical Center has put into place to improve their revenue cycle management and strengthen the organization’s financial health.
|12:30PM-1PM CT||Aligning Revenue Cycle Management Initiatives Across the Health System|
|Abstract: You have finally integrated effective revenue cycle management into your hospital’s overall financial health. But is your hospital’s efforts integrated with other facilities in your health system? In this presentation, gain insight from the chair of the HIMSS Medical Banking and Financial Systems Committee on the most effective best practices for interoperability and integration of these revenue cycle management systems within the overall healthcare enterprise.
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