healthcare revenue cycle, revenue cycle blog, revenue cycle tips, revenue cycle information
PMMC Healthcare Revenue Cycle Blog
Stay up to date on best practices for healthcare revenue cycle management with PMMC's blog.
Counting the Costs of Inaccurate Patient Estimates
Since early 2020, hospitals have been contending with unprecedented challenges that have negatively impacted their revenue and profitability. Throughout 2022, 53% of hospitals had negative margins, according to the American Hospital Association, and even those projected to end the year with positive margins are still recouping from the financial hurdles of the last few years.
Recovery | revenue cycle contract management
Modernizing Revenue Recovery Through the Power of AI
A revolutionary new AI tool is poised to change how healthcare organizations manage revenue recovery and protect cash flow.
Key Metrics for Contract Management
The proper use of healthcare contract management software can make a difference of 2-3 percent net revenue. Thus, the proper use of a contract management system should be considered “mission critical,” from a financial perspective, but it often does not receive the attention it deserves. This whitepaper explains how applying metrics to healthcare contract management helps assure all accounts receive appropriate attention, thus ensuring revenue integrity.
PMMC Recognizes April Miller from Pennsylvania Mountains Healthcare Alliance (PMHA)
We would like to congratulate April Miller, Director of Contracting and Payor Relations at PMHA, as PMMC's Star of the Month!
PMMC Recognizes Sheila Morris from Shepherd Center as Star of the Month
We would like to congratulate Sheila Morris, Revenue Cycle Director at Shepherd Center as PMMC's Star of the Month!
PMMC Recognizes Sylvia Palomo from Texas Children’s Hospital as Star of the Month
We would like to congratulate Sylvia Palomo,Payer Compliance Manager, Managed Care Contracting at Texas Children's Hospital as PMMC's Star of the Month!
Star of the Month: Mary Bongiorno, Director of Admission and Financial Clearance at MetroHealth
We would like to congratulate Mary Bongiornio, Director of Admission and Financial Clearance at MetroHealth as PMMC's Star of the Month for January!
Star of the Month: Gina Aiello, Chargemaster Specialist at Saratoga Hospital
We would like to congratulate Gina Aiello, Chargemaster Specialist at Saratoga Hospital as PMMC's Star of the Month for November!
contract modeling | revenue cycle analytics
3 Reasons Why Hospitals Should Use Analytics to Drive Payer Contracts
Insurers are swimming in data that gives them a steady stream of insights into their markets and the healthcare providers with whom they contract. Unfortunately, most providers don’t have access to the same level of business intelligence. That lack of reliable information on payer performance puts healthcare organizations at a disadvantage.
The Ultimate Guide to Your Next Chargemaster Review
The Chargemaster (CDM) review is one of the most important initiatives for a hospital prior to the new fiscal year and requires a balancing act between price transparency demands and net revenue impact. It's a huge undertaking and if you manage the Chargemaster at your hospital, your team is likely small with limited resources. This action plan is designed to help guide the way and ensure your next Chargemaster review is successful!
How to Maximize Reimbursement with Contract Management Analytics
According to the American Hospital Association, the financial impact to hospitals from COVID 19 has been about $200 billion over the last four months, or about $50 billion a month.