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Why Healthcare Employees Leave: And How to Attract and Retain Top Talent

Many healthcare organizations struggle to retain talent. Unfortunately, this leads to big losses.A median turnover in the emergency medical services (EMS) space costs an agency $72,000, according to Prehospital Emergency Care.Meanwhile, the average cost of a turnover for a bedside RN is $52,100, causing the average hospital to lose $4.4 million to $6.9 million. Some healthcare organizations spend 5% of their annual operating budget on employee turnover and related expenses.By emphasizing employee retention and minimizing patient turnover, healthcare organizations can save millions of dollars per year.Today, we’re explaining why employees leave – and how today’s top healthcare organizations are attracting and retaining top talent. Top 3 Reasons Employees Leave Healthcare employees leave organizations for any number of different reasons. However, one study found that professional development, poor work-life balance, and bad managers were responsible for most departures.According to a study featured in Employee Benefits News, 75% of the reasons employees leave could be prevented. Here are the top 3 reasons employees leave, according to

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Study Visa Consultants in Jalandhar

Best study visa consultants in Jalandhar http://www.visaconsultants.co.in   We are one of the best study visaconsultants in Jalandhar Punjab. Indian Students who want to get overseas education in different countries can contact us. Our Helpline No. is +91-8054089361. Call us for getting all your student visa queries. Our visa experts will guide you in right direction in choosing right course, institute and country for you according to your qualifications and IELTS score. Our office is located at Jalandhar, Punjab, India.  

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Fix your broken marriage before it gets too late

Wondering how to fix a broken marriage? If you or your spouse has recently been through a difficult time and would like to try to work things out, then this article is for you. Here, I'll stand you by the hand and guide you through what you could do right now in order to repair the damage done and begin the healing process. First, let’s get back to basics. The most crucial step in fixing a broken relationship is to reconnect with your partner. Re reconnecting is not an easy task because it entails talking to your loved ones and reopening the wound that caused the break up in the first place. It may be painful but this is crucial in the healing process. You both may have moved on and there are chances that they have too. In counseling, you will learn how to fix a broken relationship. The first step you will learn is how to be open with your partner. In order to fully trust another person, it is important that you can open up to them. Holding back can be very detrimental if you do not want to face the truth. However, talking about what is bothering you and the issues that are affecting

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The Importance of Hiring a Licensed Medical Contract Coder

The American Association of Professional Coders (AAPC) is America’s largest medical coding training and credentialing organization for healthcare contract coders.Today, we’re explaining the importance of hiring a licensed medical contract coder for your organization.   Affordable Coding Without Compromising on Quality Sometimes, outsourcing a job to a remote worker leads to issues with quality or security.Medical organizations, of course, cannot afford to compromise on quality or security. That’s why good licensing is crucial. Good licensing ensures your outsourced medical contract coders meet a certain minimum set of requirements for quality and security. At the same time, these outsourced specialists cost significantly less than in-house employees. Your organization is saving money with no discernable drop-off in quality. That’s a net win for any organization.   Multiple Licensing Specializations Are Available Some licensing requirements are too broad to be genuinely effective. The AAPC, however, provides multiple types of certification to address

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7 Advantages of Hiring a Case Management Service Provider

A good case management service providers in Healthcare, optimizes multiple aspects of your operation. Today, we’re highlighting some of the most important advantages of hiring a case management service provider in Healthcare.   Improved Processes at Every Stage The first and most important benefit of a case management service is that it improves processes at every stage of your operations.A well-designed case management system implemented by a knowledgeable team is a guaranteed way to improve internal processes.Customizable dashboards, for example, allow an organization to create a system that works for its unique needs. Instead of shoe-horning an outdated solution into your organization, a well-designed case management dashboard can improve organizational efficiency significantly.Many organizations use customizable dashboard to highlight items that need immediate attention, for example, and keep patients flowing at an optimal rate.   Meaningful and Efficient Information Organization Good case management services present all relevant information in a coherent way.

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Unique Strategies Today’s Top Medical Organizations Use to Maximize Revenue

Smart medical organizations do everything in their power to maximize revenue – from implementing new technologies to minimizing unnecessary costs.Today, we’re highlighting some of the unique strategies America’s top healthcare organizations are using to maximize revenue by Revenue Cycle Management Consulting Services They Get E/M Coding Right The evaluation and management (E/M) patient visit is a crucial part of any healthcare organization. Good healthcare organizations can maximize revenue by understanding how to properly document and code E/M patient visits. Proper documentation and coding does more than just boost revenue; it also reduces the stress of audits and boosts the efficiency of staff.A July 2019 article published in Medical Economics highlighted four ways healthcare organizations can boost revenue by getting E/M coding right, including:Ensure the E/M code supports the specific patient encounter. Not every patient with asthma, for example, will justify reporting CPT code 99213.Refer to E/M guidelines when assigning codes. Assigning

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How Does Medical Coding Work? What Does a Medical Coder Do?

Medical coding is an in-demand profession at healthcare organizations across the country. Despite the surging demand for medical coders, however, many people do not understand how medical coding works.Today, we’re explaining what medical coding is, how it works, and how a medical coder adds value to an organization. What is Medical Coding? Medical coding traces its origins all the way back 17th century recordkeeping in England. During this time, clinics kept crude records for each patient, using specific numbers and ‘codes’ to track the treatment received by each patient.Today, the American Academy of Professional Coders (AAPC) defines medical coding as, “the transformation of healthcare diagnosis, procedures, medical services and equipment into universal medical alphanumeric codes.”In other words, medical coders translate important medical information into simple codes to document medical records and inform accurate medical billing.Thanks to a standard coding system, medical records can be seamlessly transferred from one organization to another. What

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Top 5 Ways a Healthcare Revenue Cycle Consulting Service Can Boost your Bottom Line

Today’s leading healthcare organizations rely on healthcare revenue cycle consulting services to be successful.How can a consulting service like HMI Corp boost your organization’s bottom line? Today, we’re highlighting some of the ways healthcare consulting services can enhance your organization’s revenue. Intelligent Security Auditing The security of a healthcare organization is paramount. Security audits can identify weaknesses within all aspects of an organization’s operations.A security audit can identify problems with premises security, for example, and the ways in which malicious individuals might attempt to access facilities.Or, the audit could identify digital security issues, including how the employees respond to phishing attempts.Without regular security audits, a healthcare organization can trick itself into thinking it’s secure. When a healthcare revenue cycle consulting service performs a security audit, however, it can indicate what works – and what needs to be improved – for maximizing revenue. Risk and Compliance Assessments

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How Healthcare Revenue Cycle Consulting Services Help Maintain Compliance

With today’s complex regulatory requirements, compliance is more important than ever for healthcare organizations.That’s why leading healthcare organizations hire healthcare revenue cycle consulting services to help maintain compliance.Today, we’re explaining how healthcare revenue cycle consulting services like HMI Corp. help organizations maintain compliance at every level of a healthcare organization. What is Healthcare Compliance? Compliance means meeting or exceeding the standards set for legal, ethical, and professional operation of healthcare organizations.Any organization handling electronic protected health information (ePHI) is required to maintain compliance by implementing appropriate processes, policies, and procedures. Consulting Services Help Maintain Compliance in 7 Targeted Areas The Department of Health and Human Services (HHS) and the Office of the Inspector General (OIG) have identified seven areas where healthcare organizations should focus for compliance. By focusing on these areas today, organizations can avoid healthcare

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The Best Strategies Small, Rural Hospitals Are Using to Survive

Millions of Americans depend on small, rural hospitals for healthcare. Unfortunately, due to several challenges, many of these small hospitals are struggling to survive.Between 2010 and 2014, 47 rural hospitals across America stopped providing inpatient services, according to a report by the Rural Health Research Gateway. An additional 673 rural hospitals are at-risk for closure.Today’s climate may seem daunting for small, rural hospitals – but it doesn’t have to be. Today, we’re highlighting some of the best strategies today’s small, rural hospitals are using to survive. Conduct Top-to-Bottom Financial Analyses, Audits, and Assessments Good hospital management starts with good data. One of the smartest things a small hospital can do is to conduct a 360-degree financial analysis using at least five years’ worth of data.An objective third party – like HMI LLC or other medical consulting organizations – can pore over the data to issue concrete recommendations. You can see how your hospital compares to other organizations with a

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What’s Involved in a Revenue Cycle Assessment? How Do Revenue Cycle Experts Maximize Medical Profits?

A good revenue cycle assessment will help your organization become more profitable.But what’s involved in a revenue cycle assessment? How can revenue cycle experts maximize medical profits? What actionable steps will revenue cycle assessment experts help you implement? Today, we’re explaining everything you need to know about what’s involved in a revenue cycle assessment. Areas of Revenue Cycle Assessments Some organizations perform a revenue cycle assessment on their overall organization, hiring a consulting company to conduct a bottom-to-top assessment.Other organizations request specialized revenue cycle assessments in one or more areas of the organization.Typically, revenue cycle assessments focus on the organization’s core areas, including:• Pre and post-system implementation• Organizational structure• Process flow and design• Vendor performance• Staff and team performance• Denials prevention and management• Functional office metrics• Key performance indicators How a Revenue Cycle Assessment Works During a revenue

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10 Benefits of Remote Revenue Cycle Management Programs

The remote revenue cycle management industry has been booming in recent years. A growing number of healthcare organizations are making the switch.Should your organization make the switch to a remote revenue cycle management (RCM) program? These third party service providers make big promises – but do they actually live up to these promises?Today, we’re exploring the benefits of remote revenue cycle management programs. Fewer Denied Insurance Claims Insurance claims may be denied because of inaccurate coding or other chargemaster issues. Good remote revenue cycle management services can reduce denied insurance claims. 90% of claim denials are preventable, and yet they still occur at every organization. Remote RCM services can mitigate the issues that lead to denied claims. Fewer Billing Errors Billing and coding errors increase the number of claim denials. Remote revenue cycle management services solve these bottlenecks, helping organizations capture revenue and avoid denied insurance claims. Improved Employee Satisfaction Cleveland Clinic claims its remote

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Revenue Cycle Management (RCM) Trends for 2020

Revenue cycle management has experienced ups and downs in recent years. What lies ahead for revenue cycle management?Last year, we saw the continued rise of automation and AI. We also saw battles over price transparency.Continuing the trend from previous years, we also saw healthcare organizations contend with patient expectations, government regulations, and a growing number of technology options.Let’s take a look at some of the revenue cycle management (RCM) trends we’re preparing for in 2020. Continued Battles Over Healthcare Pricing Transparency Healthcare pricing transparency battles occurred across the country in 2019. Expect battles to continue into 2020.A Waystar survey released in August 2019 found that lack of price transparency was the biggest factor to a negative patient experience. Governments are pushing for increased healthcare transparency, and healthcare organizations are adapting.Last year, we saw healthcare organizations implement strategies to better manage the patient financial journey. In 2020, we expect healthcare organizations to take the

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What Role Does a Hospital Chargemaster Play in Revenue Cycle Management?

The hospital charge description master, or hospital chargemaster, communicates medical bills to payers and patients.The hospital chargemaster plays a crucial role in revenue cycle management: it’s the heart of the healthcare revenue cycle. It’s the central point from which all billing gets sent to patients and insurers.Organizations that fail to maintain the chargemaster face enormous problems. Poor chargemaster maintenance leads to revenue leakage. It can also lead to inaccuracies, non-competitive fees, and claim rejections. What is the Chargemaster? The hospital chargemaster is a list of all the billable services and items to a patient or patient’s health insurance provider.The chargemaster lists the costs of each product and service offered by the healthcare organization, including any procedures, services, supplies, prescription drugs, and diagnostic tests provided by the hospital. The chargemaster lists the cost of everything related to that service, including any equipment fees and room charges.When a patient receives service from a hospital, the healthcare provider

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Telehealth Coding and Billing During COVID-19: Tips and Guidelines

Healthcare organizations have turned to telehealth during the COVID-19 pandemic. However, some are not prepared to handle telehealth coding and billing.Demand for contract medical coding experts is surging. Companies like HMI Corp can help your organization manage complicated COVID-19-related telehealth coding. Our coding experts have proven expertise across the United States.Today, we’re highlighting some of the best telehealth coding and billing practices for the COVID-19 coronavirus pandemic, including changes to be aware of. HHS Relaxes Certain Telehealth Rules During COVID-19 In response to the COVID-19 pandemic, HHS has relaxed certain telehealth coding rules. HHS allows providers to offer telehealth services while charging the same amount they would for in-person care.Whether providing care virtually or on-site, providers can get paid the same amount for patient care because of these new HHS regulations.Specific services covered under these regulations include:• Telehealth visits• Virtual check-ins• E-visitsThese rules are changing regularly.CMS recently

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Medical Coding Tips for Managing the COVID-19 Pandemic

Demand for medical coding companies has surged in recent months. COVID-19 has revealed medical coding inefficiencies, and firms are struggling to keep up.Good medical coding companies work with healthcare organizations to solve inefficiencies and reduce errors. Effective medical coding tips helps a company avoid wastage, capture lost revenue, and reduce patient conflicts.Your healthcare organization might have effective medical coding systems in place. Unfortunately, a pandemic like COVID-19 can reveal problems with any organization’s medical coding.The CDC, CMS, and AMA have all released COVID-19 coding guidelines in recent weeks. We’ll summarize that information below to help your organization manage the COVID-19 pandemic. What Providers Need to Know About COVID-19 Medical Coding & Billing Tips COVID-19 has put strain on healthcare providers across the United States. Effective coding and billing helps organizations manage the infectious disease and avoid becoming overwhelmed.The healthcare industry is adapting to COVID-19 and creating new codes for the novel coronavirus.

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Medical Coding Tips for Managing the COVID-19 Pandemic

Demand for medical coding companies has surged in recent months. COVID-19 has revealed medical coding inefficiencies, and firms are struggling to keep up.Good medical coding companies work with healthcare organizations to solve inefficiencies and reduce errors. Effective medical coding tips helps a company avoid wastage, capture lost revenue, and reduce patient conflicts.Your healthcare organization might have effective medical coding systems in place. Unfortunately, a pandemic like COVID-19 can reveal problems with any organization’s medical coding.The CDC, CMS, and AMA have all released COVID-19 coding guidelines in recent weeks. We’ll summarize that information below to help your organization manage the COVID-19 pandemic. What Providers Need to Know About COVID-19 Medical Coding & Billing Tips COVID-19 has put strain on healthcare providers across the United States. Effective coding and billing helps organizations manage the infectious disease and avoid becoming overwhelmed.The healthcare industry is adapting to COVID-19 and creating new codes for the novel coronavirus.

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Healthcare Revenue Cycle Management and COVID-19: Coronavirus Impact & Management Strategies

97% of America’s healthcare organizations have experienced some disruption due to COVID-19.As states re-open, healthcare organizations continue to navigate healthcare revenue cycle management. Some organizations are managing more effectively than others.COVID-19 has introduced billing and coding challenges, patient financial responsibility issues, and other problems for healthcare organizations.Today, we’re explaining strategies firms are using to manage healthcare revenue cycle management during the COVID-19 pandemic – including how your organization can stay ahead. Medical Coding Challenges Many organizations have faced billing and coding challenges during the COVID-19 pandemic.To navigate the pandemic, your organization needs to know what is covered by health plans for both inpatient and outpatient care.Rules are changing constantly. That means staff require frequent training and regular updates to avoid billing and coding problems.Many outpatient facilities are scheduling telehealth appointments, for example. Some insurance companies treat telehealth appointments

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6 Ways COVID-19 Has Impacted Healthcare Revenue Cycles in America

The COVID-19 pandemic has wreaked havoc on healthcare organizations across the United States.But as some organizations are failing, others are thriving. By capitalizing on changes, and by training staff, organizations can optimize healthcare revenue cycles throughout the coronavirus pandemic.Today, we’re highlighting five ways COVID-19 has impacted healthcare revenue cycles for organizations across the United States – and how organizations are thriving in the face of change. Telehealth Appointments & Coding Challenges Obviously, telehealth has surged in recent months. Many outpatient facilities have switched to telehealth appointments, giving patients the same quality of care via a safer, remote environment.Telehealth appointments are also introducing coding and billing challenges. Some healthcare plans have updated policies for telehealth, while others have not. Medicare has introduced telehealth-related changes, for example, while other insurers are struggling to manage.Meanwhile, some staff have inadequate training for telehealth billing. They bill patients when they

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