Nearterm Blog
New 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…
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…
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