Smart Strategies for Combatting Major Threats to Provider Revenue
Podcast: Proven Strategies for Getting Paid Despite Medicare Fee Cuts and Declining Medicaid Rolls
Providers can thrive despite multiple threats to their financial health by taking advantage of RCM optimization technology that captures every dollar of available reimbursement.
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Only a few years removed from the end of the Medicaid continuous enrollment provision, millions of eligible patients are now without coverage. Hospitals and healthcare systems that rely on Medicaid reimbursement for a significant portion of their patient population are feeling the strain. In addition, the high number of patients on high-deductible health plans or who present as self-pay has led to longer waits for reimbursement (if it comes at all) and a high risk of write-offs. In these unprecedented times, providers need to find new ways to protect their financial health.
A new Becker’s Healthcare podcast addresses strategic actions hospitals and health systems can take to strengthen their financial sustainability. Kristin Whitt, Director of Global Product Management at ZOLL, joined host Erika Spicer Mason on the recent episode, “Proven Strategies for Getting Paid Despite Medicare Fee Cuts and Declining Medicaid Rolls.” The two discuss how to improve revenue capture through RCM optimization strategies that optimize reimbursement, reduce admin burden, and improve the patient’s financial experience during these uncertain times.
Listeners will learn how RCM optimization technology can deliver immediate value, including:
- Effectively finding, correcting, and verifying patient and payer information in real time
- Identifying active, billable primary, secondary, and tertiary insurance coverage
- Automating the deductible monitoring process and notifying billers when deductibles have been met
- Determining a patient’s unique financial characteristics and propensity to pay
Listen to the Becker’s Healthcare podcast episode, “Proven Strategies for Getting Paid Despite Medicare Fee Cuts and Declining Medicaid Rolls,” to learn more about how RCM optimization technology can play a huge role in helping providers capture optimum reimbursement.
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