Optimize revenue cycle management with comprehensive education

The best approach to managing claims denials is a proactive approach. In this article, we review the common reasons for denied claims, the financial impact on healthcare organizations, and 8 strategies for how to effectively decrease denied claims.

From micro-learning formats to the unique Smart Notes feature, we’ll explore how Revenue Cycle Foundations reduces seat time, increases time to competency, empowers learners, and helps reduce mistakes that lead to costly denials.

Managing denials is a critical aspect of the revenue cycle for healthcare organizations, yet it often feels like navigating a maze full of obstacles. The challenges in denials management can include complex coding errors, lack of proper documentation, and insufficient understanding of payer requirements. These challenges not only affect revenue but can also increase administrative burdens on your staff, leading to frustration.

Navigating the landscape of healthcare reimbursements can feel daunting to many professionals in the field. However, as we look toward 2025, several key trends promise to influence how reimbursements are approached, managed, and optimized. Understanding these shifts is crucial for healthcare organizations who want to thrive in a rapidly evolving environment.

By prioritizing improvements in patient access, healthcare organizations can have a more efficient and financially stable practice.

In the fast-paced world of healthcare, having a well-trained and efficient workforce is crucial to ensuring high-quality patient care and operational success. One of the most critical areas requiring specialized knowledge and skills is the revenue cycle. Proper onboarding of new hires in this department can make all the difference in streamlining processes, minimizing errors, and maximizing revenue. It is critical to understand why revenue cycle onboarding is so vital, and how it can benefit healthcare organizations. Let's explore.

HealthStream’s revenue cycle training program can support your organization’s efforts to empower your RCM team with the right knowledge to support a healthier bottom line.

Join us for a 30-minute complimentary webinar where our experts from HealthStream and FinThrive will guide you through best practices for highlighting patient safety amongst your revenue cycle staff, reinforcing your team’s dedication to excellence in healthcare.

HealthStream’s Director of Product Management Susan Gurzynski-Wells, MS, RHIA\ndiscusses fusing AI and human touch in revenue cycle management on Modern Healthcare podcast.

Education is key to creating patient-centered fiscal management practices. Contact HealthStream today to learn more about how to provide staff with the knowledge and skills they need to support a patient-centered model while reducing denials and costly reimbursement errors.

Improving revenue staff confidence can help ensure reduced denials and improve patient outcomes and safety. To learn more about how HealthStream and FinThrive can help your organization implement more effective revenue cycle education, reach out to HealthStream today.

On average, hospitals have 30% of all claims denied and an average of 35% of these denied claims are attributed to inaccurate patient identification or inaccurate/incomplete patient information.

Join us for a 45-minute complimentary webinar where HealthStream and FinThrive will discuss the role of staff education in patient-centric revenue management.

A large healthcare system located in Florida was opening a new facility and needed a way to address gaps in training for its coding staff.

On April 5, 2021, the 21st Century Cures Act will take effect, allowing patients to use applications to access data from their medical records. This blog post discusses what that means for patients and healthcare providers, especially for staff in terms of revenue cycle and compliance functions.

Chargemaster maintenance is an ongoing process to ensure that services, drugs, and supplies are accurately charged and compliant with Medicare and or payer regulations so that a healthcare entity receives appropriate reimbursement.

Here are links to three recorded HealthStream webinars about solutions to common challenges in healthcare revenue cycle management.

Patient access is the gateway not only to your system but also to your revenue cycle; the importance of our colleagues who are sitting at the front desks, who are taking scheduling calls, increases exponentially.

Learn why patient access managers and operations should be measured on KPIs to monitor quality, process, financial, and customer service, from HealthStream.