Nearterm Blog
The Rise of the Agile Workforce
Long gone are the days when people work the same job until retirement. Today, the workforce has transformed, and more and more people are choosing to be “agile” workers — that is, taking on jobs on a project-by-project basis. This rise in the agile workforce means that people have the opportunity to work for a…
Read MoreDoes Your Revenue Cycle Team Approach Billing and Collection Efficacy the Same Way They Approach Their Paychecks? Why Not?
I expect that if one of your employees’ paychecks were delayed or underpaid, they would be resolute about getting the problem resolved right away. When inquiring about the problem, they probably would not be accepting of “it is in process” or “we did not get your time report” or how about “please leave a message…
Read MoreMedical Coding Managed Services
Do you have a medical coding backlog? Are you behind on your coding audits? Need a Coding Audit Program? Never fear, Nearterm is here! We help healthcare organizations meet their coding and coding audit needs as part of our overall 360 RCM Managed Services. Our national client base includes hospitals, clinics and other provider types.…
Read MorePatient Access Training Designed to Connect “Front End” Data Collection and Data Entry Directly to UB 04 Form Locators and Registration Screens Can Be An Effective Way To Improve Cash Flow and Denial Rate
People are more careful about their work when they understand the importance of what they are doing and how it impacts the organization. Recent findings suggest that this is particularly true for millennials, but it certainly applies to the broader work force as well. Here is one way to help access associates better understand their…
Read MoreNew Year, New Opportunities
In 2016, Nearterm was part of many client success stories from all over the country. We helped an 850 bed facility in the Southeastern United States reduce un-coded DNFB from $50 million to $2 million through interim leadership and coding support. A California client with a point-of-service collection goal of $25 million surpassed it to…
Read MoreUse a Cash Acceleration Team to Optimize RCM
There are many explanations for sluggish cash performance and obviously, understanding causes may be useful in preventing recurrence. Meantime, you have a backlog and the objective is to get caught up. That’s where a Cash Acceleration Team can be helpful. What is a Cash Acceleration Team? It is a highly customized temporary external resource allocation…
Read MoreICD-10 Changes for 2017 Make RCM Even More Critical
October 2016 brought major changes in the ICD-10, and the freeze is over. Going forward, annual updates to the coding system will be the norm once again. Keeping up with ICD-10 changes will be an ongoing challenge, making RCM even more critical to maintaining and increasing your profitability. RCM Challenges Hospitals and physician practices face…
Read MoreSee 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…
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