1 Views 4 More Rural Hospital Success Stories from Small Towns Across America posted by HMI Corporation | Thursday, January 14, 2021 Category: Health & Medicine Rural hospitals are closing across the country. Naysayers may say it’s the end of rural healthcare as we know it. However, many hospitals are flipping this trend on its head.America’s best rural hospitals are thriving in uncertain times by expanding care, taking advantage of telemedicine, and specializing in in-demand areas.By taking this approach, rural hospitals have grown revenue even when dealing with aging populations, higher-than-average Medicare patient totals, and other challenges that have sunk competing providers.Today, we’re exploring four more rural hospital success stories from small towns across the United States. Gold Beach, Oregon Hospital Increases Services, Becomes Economic Driver for Region Gold Beach, Oregon is a small, relatively isolated community along a picturesque section of Oregon’s southern coast.For decades, the community was served by a small, outdated facility built in the 1950s. The facility exclusively provided acute care, meaning patients had to travel long distances to access specialized medical treatment.Things became progressively Details
1 Views What Role Does a Hospital Chargemaster Play in Revenue Cycle Management? posted by HMI Corporation | Wednesday, January 13, 2021 Category: Health & Medicine The hospital charge description master, or hospital chargemaster, communicates medical bills to payers and patients.The hospital chargemaster plays a crucial role in revenue cycle management: it’s the heart of the healthcare revenue cycle. It’s the central point from which all billing gets sent to patients and insurers.Organizations that fail to maintain the chargemaster face enormous problems. Poor chargemaster maintenance leads to revenue leakage. It can also lead to inaccuracies, non-competitive fees, and claim rejections. What is the Chargemaster? The hospital chargemaster is a list of all the billable services and items to a patient or patient’s health insurance provider.The chargemaster lists the costs of each product and service offered by the healthcare organization, including any procedures, services, supplies, prescription drugs, and diagnostic tests provided by the hospital. The chargemaster lists the cost of everything related to that service, including any equipment fees and room charges.When a patient receives service from a hospital, the healthcare provider Details
