Nearterm Blog
RCM Consulting Services
Too busy to look at patient accounts?
I actually thought I was that busy myself early in my career. After all, there was a hospital budget to prepare, a seemingly unending stream of meetings to attend, performance appraisals to complete, AR reports to produce/review, a conversion right around the corner and a myriad of other priorities. Then one day I was asked,…
Read MoreWhat can revenue cycle professionals learn from military science?
As Revenue Cycle professionals, we are often asked to develop and present a “strategy” but we are rarely asked to address “tactics” per se. As a result, the defining line has blurred between the two. Take a moment to review the following and consider their importance and associated differences; Strategy: The science or…
Read MoreHow do healthcare financial management professionals influence employee focus?
We all want to contribute to the success of our respective organizations. A mentor of mine once imparted to me a simple management tenet that helped me over the years to do just that. He said, “Employees determine what is important based on how you spend your time”. Because my mentor was a brilliant healthcare…
Read MoreConsiderations when hiring Revenue Cycle Consultants and/or Interim Managers
Almost all provider organizations engage Revenue Cycle Consultants or Interim Revenue Cycle Managers from time to time. A lot has been published through HFMA about vendor selection criteria and vendor management. Most professional organizations offer a resource guide that lists options. That said, here are two practical things to consider when hiring these resources: …
Read MoreBilling backlog, collection backlog, posting backlog – what is the right option?
There is no “cookie cutter” solution because the factors contributing to processing backlogs vary. Here are just a few: System conversion Limited labor pool Space constraints Volume increase Training deficits Ineffective work flow design Change in payor requirement IT problems The first step is to understand the root cause of the backlog and establish (a)…
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