Nearterm

Losing patients to other providers can cost some healthcare facilities up to 10 percent of their revenue

According to a Fibroblast survey, 43% of healthcare executives say their organization is losing upwards of 10% of their revenue to patients seeking other providers for care. http://ow.ly/5LUe30nor5y

healthcarefinancenews.com Most providers are tracking patient leakage in-house through their EHRs, but many aren't fully satisfied with the results.

Nearterm is able to rapidly deploy teams of qualified professionals to eliminate a backlog or backfill on a special project. When your organization needs additional horsepower, Nearterm is ready. http://ow.ly/n1SW30nor1h

Looking to boost your revenue cycle? 7 tips to make it happen

If you’re looking to build a successful and efficient revenue cycle, here are 7 tips to help boost your efforts. http://ow.ly/nBbu30noqYV

healthcarefinancenews.com Focusing on a better patient financial experience, broadening the vision to include the outpatient sector and the inevitable insurgence of AI are all coming and can go a long way to bolster the bottom line.

Nearterm offers experienced and credentialed HIM/medical coders proficient with your organization’s systems. Services are monitored by Nearterm and can be provided on site or remotely. http://ow.ly/3rl330noqVb

PCMH vs. ACO in Healthcare - Which is Best? | Nearterm

Which is the best healthcare model- ACO or PCMH? Learn the difference between the two on our latest blog post. http://ow.ly/OhbY30nooNU

nearterm.com What is ACO in healthcare, and what's the difference between PCMH vs. ACO? Learn about ACO and PCMH and which your medical center should pursue.

Medical Billing, Patient Access Top Revenue Cycle Risks of 2019

According to a new report, medical billing and patient access will be the top healthcare revenue cycle risks for organizations in 2019. http://ow.ly/UAOB30nooMb

revcycleintelligence.com Industry experts identified medical billing and patient access as two of the top healthcare revenue cycle risk areas in 2019.

Nearterm offers talent that you won’t necessarily see from traditional recruiting methods. Our approach is collaborative where we seek only the best placement outcomes for both the clients and the candidates. http://ow.ly/mCbU30nooKq

Justice Dept Recovered $2.5B from Healthcare False Claims in 2018

During the 2018 fiscal year, the Department of Justice recovered over 2.8 billion dollars from healthcare false claims. http://ow.ly/suW230nooIQ

revcycleintelligence.com Of the $2.8 billion in False Claims Act settlements and judgments recovered in FY 2018, approximately $2.5 billion involved healthcare false claims and fraud, the Justice Department reported.

Nearterm provides revenue cycle and financial management consulting services on a national level. We are committed to providing clients with creative and practical solutions to the hospital revenue cycle problems and the issues they face. http://ow.ly/Ocbg30noo1L

17% of Families Make at Least One Large Healthcare Payment a Year

Nearly 1 in 6 families make at least one large healthcare payment per year, and data shows this may not be good news for hospital revenue. http://ow.ly/ACbi30ndFte

revcycleintelligence.com A new study shows one in six families has a healthcare payment of $400 or more at least once a year, and they are delaying care in order to pay for the large payment.

Nearterm is proud to deliver the best talent for your organization when needed. Take a look at more of our excellent testimonials at http://ow.ly/Skcq30ndFqt

Hospital Mergers Save More When Facilities Are Close Together

A new study shows that hospital mergers maximize efficiency and savings when facilities are located close to each other, with reduced expenses of 2.8 percent. http://ow.ly/bihb30ndFpi

revcycleintelligence.com Admission expenses fell 2.8 percent versus 1.5 percent when hospital mergers involved facilities within 30 miles of each other, a new study revealed.

[01/14/19]   Nearterm specializes in providing experienced interim managers on short notice to help cover gaps in key positions. Learn more by visiting www.nearterm.com or calling 888-646-1330

AHA: Tariffs on Chinese Goods Will Impact Hospital Supply Chain

Tariffs on Chinese goods will increase hospital supply chain costs by $160 million a year, says the AHA. Healthcare-specific items that will be affected include sterilizers, various apparatuses, optical instruments, and much more. http://ow.ly/O5yv30nb1AG

revcycleintelligence.com New tariffs on Chinese goods will increase hospital supply chain costs by up to $160 million per year, the American Hospital Association (AHA) reported.

Nearterm specializes in helping our national client base enhance their healthcare organization’s financial performance. Our services progressively evolve in order to provide clients with creative and practical solutions to the issues they face. Call 888-646-1330 or visit our website to learn more. http://ow.ly/kayg30nb1i2

CFOs Expect Higher Hospital Labor Costs As Staffing Shortages Loom

78% of healthcare finance leaders expect hospital labor costs to grow in the next year due to healthcare professional staffing shortages. Read more to find out why reducing labor costs has become more difficult. http://ow.ly/JcOM30nb1wT

revcycleintelligence.com A new survey found that managing labor expenses as the top cost-cutting opportunity for healthcare finance executives as their hospital labor costs grow amid staffing shortages.

[01/07/19]   Nearterm is an industry leader in healthcare executive search services and we guarantee that we will bring the right executive and managerial talent to your healthcare organization. Our search process doesn’t end after we deliver the finest people- we maintain dialogue with you and our candidate well after the start date to ensure success. http://ow.ly/dWa830nb1uZ

Nurse Practitioners Earn a 6% Increase in Annual Compensation

According to a new survey, nurse practitioners received a 6% increase in compensation in 2017 when compared other advanced practice registered nurses. In second place were nurse midwives, who received a 4% boost. http://ow.ly/4uug30nb1sv

revcycleintelligence.com New data shows nurse practitioners saw a six percent boost in yearly compensation in 2017, the largest salary bump among all advanced practice registered nurses.

Nearterm is a healthcare revenue cycle and financial management consulting company with a team of renowned financial strategists and RCM consultants. When we are required, we are prepared to go nationwide to supplement clients’ efforts with interim management, executive search, staffing solutions, and more. http://ow.ly/NJbe30nb1o3

Cheers to a new year! We look forward to working with you in 2019.

Value-Based Care, Price Transparency Rule Top Stories of 2018

Before heading into the new year, recap 2018 by reading the top stories about revenue cycle management. The top trends included value-based care, healthcare price transparency, and more. http://ow.ly/hPf730mYImT

revcycleintelligence.com Stories about value-based care, healthcare price transparency, and revenue cycle management technologies dominated the headlines in 2018.

Which coding model should your hospital adopt? We discuss the three types on our blog and how your organization might benefit from outsourcing. http://ow.ly/yf3b30mWLqZ

Happy Holidays from all of us at Nearterm!

Billing and payment tech becoming more responsive, survey finds

Other payment methods are catching up to on-site payment- this trend is expected to continue with over 60% of providers accepting web portal payments and over 25% accepting text-based payments. http://ow.ly/87c430mWLoI

healthcarefinancenews.com Sixty-three percent of providers already accept web portal payments and over a quarter now offer text-based payment options.

Nearterm is dedicated to providing custom solutions for your organization’s revenue cycle management and financial management needs. Call us today at 888-646-1330 or visit http://ow.ly/wy9h30mWLjw

26% of Hospitals Without Effective Revenue Cycle Management System

According to a new survey, more than one quarter of US hospitals do not have an effective healthcare revenue cycle management solution in place. http://ow.ly/sfxg30mWLei

revcycleintelligence.com Over one-quarter of hospitals do not have an effective healthcare revenue cycle management solution, causing leaders to look to bolt-on tools or consulting firms, a new survey shows.

Nearterm specializes in revenue cycle, finance, and health information management. Our professional staff is prepared to create custom solutions and action plans embracing facility-specific conditions that require innovation. Contact us today at 888-646-1330 or visit http://ow.ly/U27130mWCgr

HHS to Implement 340B Drug Price Ceiling, Penalties in Jan 2019

“After several delays, HHS will implement drug price ceilings and civil monetary penalties for manufacturers under the 340B Drug Pricing Program in 2019, according to a final rule from the HHS agency, Health Resources and Services Administration (HRSA).” http://ow.ly/wMKt30mWCe9

revcycleintelligence.com After five delays, HHS will enforce a 2017 final rule that will implement drug price ceilings, penalties for manufacturers, and penny pricing in the 340B Drug Pricing Program.

Nearterm is fully equipped to help your organization fill executive management positions during periods of transition. Read about one of our previous clients and learn 5 lessons for filling vacancies. http://ow.ly/nQcf30mWCbA

Hospital ERP Adoption Up to 38.4% and Will Continue to Climb

Approximately 60% of US hospitals do not have an ERP solution implemented but that number is decreasing steadily. Hospital ERP adoption has increased nearly 20% in the past decade and will continue to do so. http://ow.ly/I4uP30mWC8F

revcycleintelligence.com Hospital ERP adoption increased from about 18 percent in 2008 to 38.4 percent in 2018, showing a slow but steady increase in interest for the business management solution.

What is a Healthcare Clearinghouse - Why Use One? | Nearterm

What is a healthcare claims clearinghouse and why use one? Learn how this system affects medical and hospital billing. http://ow.ly/g90730mLMlI

nearterm.com Claim submission is incredibly difficult. To maximize revenue, you can use an electronic claims submission healthcare clearinghouse for faster payments.

[12/05/18]   “According to a recent court order, HHS must eliminate the Medicare appeals backlog at the Administrative Law Judge (ALJ) level by the end of the 2022 fiscal year.” http://ow.ly/OCLK30mLMto

Nearterm is able to rapidly deploy the experienced healthcare professionals your organization needs when you need them. http://ow.ly/3Sbn30mLMeQ

An increasing number of experienced executives are opting to become “permanent interims”- highly skilled leaders who want to make sustainable change, produce financial gains, and improve clinical outcomes on a temporary, full-time basis. http://ow.ly/Tc4V30mLLZd

Nearterm offers revenue cycle and financial management consulting services to organizations across the nation. Our services have evolved to meet and shape the ever-changing healthcare landscape. Learn more about our RCM consulting services at our website. http://ow.ly/IOGy30mKXb3