How can a hospital reduce its workload and get paid faster? Workflow automation. One specific automation solution is reCoverTM, a revenue recovery service developed by Databound Healthcare Solutions. This automation service locates third-party health care coverage—to which patients and hospitals…
Dealing with administrative denials is an expensive hassle. Denials are a persistent problem at every healthcare facility. In fact, according to a Yale Journal study, “Upon initial submission, healthcare claims are denied at a rate of approximately one in seven.”…
Hospital employees are overworked. From manual billing processes to repetitive data entry, administrative expenses are an ongoing burden. In addition, skilled employees are forced to spend valuable hours completing repetitive tasks. To solve these problems, many hospitals are leveraging the…
Healthcare facilities are committed to the health of patients, but how do these organizations measure up when it comes to financial wellness? One way to measure company’s financial wellness is to analyze an organization’s revenue cycle. The Healthcare Financial Management…
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