Many IT professionals conveniently factor in only the costs of purchasing hardware and software when doing TCO analysis. In the relatively easy-to-manage world of mainframes and big centralized computing systems, hardware and software accounted for much of the cost factors.
With patient responsibility as a percentage of revenue on the rise, providers have seen their billing-related costs and accounts receivable levels increase. Each has a very personal healthcare experience, and each has distinct financial needs and preferences that have an impact on how, when and if they chose to pay their healthcare bill.
The need to tailor financial conversations and payment options to individual needs and preferences is critical. This presentation provides 10 recommendations that will not only help you improve payment performance through a more tailored approach, but take control of rising collection costs.
Approaching New Problems with New Approaches This white paper, written by Apex Vice President of Solutions and Services, Carrie Romandine, discusses the importance of patient segmentation and messaging specifically related to the patient revenue cycle. Applying strategic messaging that is tailored to each patient type will not only better educate consumers on payment options specific to their billing needs, but it will maximize the amount collected before sending to collections.
Further, targeted messaging should be applied across all points of patient interaction i. Providers are now seeking ways to incrementally collect more payments due from patients as well as speeding up the rate of collections.
This white paper shows why patient-centric approaches to online payment portals are important complements to traditional provider-centric approaches.
Payment Portals Can Improve Self-Pay Collections and Support Meaningful Use Increased electronic engagement between healthcare providers and patients provides significant opportunities for improving revenue cycle metrics and encouraging patients to access EHRs.
This article, written by Apex Founder and CEO Brian Kueppers, explores a number of strategies to create synergy between patient billing, online payment portals and electronic health record EHR software to realize a high ROI in speed to payment, patient satisfaction and portal adoption for meaningful use.
The need to improve collections was dire. By integrating critical tools and processes, the health system was able to increase online payments and improve its financial position. This case study explains how.When evaluating a technology purchase, do you consider the total cost of owning, using, maintaining, repairing, upgrading?
Floyd Piedad examines issues you should think about. Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs.
Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of.
The Principles of Earned Value Management: A Cost and Schedule Control System 1st Edition. The Office of Management and Budget (OMB) is updating the final guidance that appeared in the Federal Register on December 26, Guidance on the effective/applicability date is revised to allow a grace period of one additional fiscal year for non-Federal entities to implement changes to their.
Terminal Learning Objective.
Action: Apply Role-Based Cost Control Principles to a Real World Scenario Condition: You are training to become an ACE with access to ICAM course handouts, readings, spreadsheet tools. and awareness of Operational Environment (OE) variables and actors.
Circulars: State and Local Governments. OMB Circular A – Coordination of Geographic Information, and Related Spatial Data Activities; OMB Circular A – Cost Principles for State, Local.