Nearterm Blog
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See You at AHIMA Booth #2407
Nearterm Corporation will be attending the AHIMA Convention & Exhibit, October 15-19, 2016 at the Baltimore Convention Center in Baltimore, MD. Please be sure to drop by our booth #2407. Our staff will be on hand with valuable information about our services, which could help your organization meet the challenges resulting from recent ICD 10…
Read MoreA Deluge of ICD-10 CM/PCS Codes is Coming to All Healthcare Facilities: What to Do?
On October 1st of this year, a deluge of over 5,000 new ICD-10 CM/PCS medical codes and other changes are coming to hospitals and clinics nationwide. The stakes are high so it is important to get it right the first time. Errors may lead to delayed or denied claims, negatively impacting the revenue cycle management process…
Read MoreAre you Ready for the ICD-10 CM & PCS Deluge?
NEARTERM WILL KEEP YOU DRY On October 1st, of this year a deluge of over 5,000 new CM and PCS medical codes and other changes are coming your way! CMS opens the dam to release the five-year hold on these codes and a one year reprieve for unspecified codes. ICD-10 CM will have 1,943 new…
Read MoreA Look at Nearterm’s RCM Consulting Nationwide
Most likely Nearterm has done an RMC Consulting Project in your state. Find out with our Interactive Project Map. Nearterm provides client-centered revenue cycle and financial management consulting services to hospitals, physicians and other healthcare providers nationwide. Our hospital revenue cycle management services see and deal with the full spectrum of revenue cycle issues that…
Read MoreWhat are the “Pros & Cons” of Centralized Revenue Cycle Processing, You Ask?
Hospitals and other healthcare provider organizations that have become multi-facility entities often consider centralizing RC Processing and/or AR processing. The strategy is usually aimed at lowering operating cost, improving financial management performance and better customer service. As a Revenue Cycle Management (RCM) consulting company, Nearterm has a lot of experience assisting clients with centralization (and decentralization)…
Read MoreService Management in Hospitals – Turning Complaints into Gold
Patient complaints can be stressful and costly, and if severe enough, can even negatively impact revenues. Or complaints can offer an opportunity to fine tune your service level and turn them into gold, thus boosting revenues. The emergence of the patient as consumer is the reason making the latter possible. The Patient as Consumer Hospitals and…
Read MoreHFMA’s 2016 ANI a Huge Success
Our thanks to each of you who stopped by to visit with us during HFMA’s most recent ANI. The event was a huge success from the networking opportunities to the incredible educational offerings! We would also like to offer our Congratulations to our Lucky AMEX Gift Card winners: Jay Howard Donald Shaw Pasquelita Waseta Anonymous…
Read MoreSee You at the HFMA ANI Las Vegas 2016?
If you plan to go the HFMA ANI 2016 in Las Vegas, be sure to drop by Nearterm’s Booth #1845 and test your luck to win at a draw for a one of four $100 AMEX Gift Cards. You are in Vegas after all! Not only do you have a chance to increase your personal…
Read MoreFive CFO RCM & Cash Flow Challenges & Solutions 2016
How to raise patient satisfaction, reduce overhead operating costs and integrating patient-centered technology are just some of the challenges impacting cash flow and revenue cycle management in 2016. Of the five mentioned here, Patient Satisfaction accounts for 3 of the challenges. Three Patient Satisfaction Challenges The hospital CFO has a new driver in the cash…
Read MoreToo Busy to Look at Patient Accounts, You Say?
Early in my Revenue Cycle Management (RCM) career before I went into RCM consulting, I was an RCM Executive with a hospital chain and had responsibility for 14 hospitals. I actually thought that I was too busy to look at patient accounts. After all, there was a hospital budget to prepare, a seemingly unending…
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