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5 Common Myths About Healthcare Revenue Cycle Management Debunked by the Experts

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A few pervasive misconceptions surrounding healthcare revenue cycle systems are added to this problem. If you’re a provider who’s apprehensive of a revenue cycle solution, you need to have a look at some common myths –  

Five Common Myths About Healthcare RCM

1. Automation Can Solve All Problems

Healthcare automation has gone a long way in improving the efficiency of medical workflows and billing activities. There are plenty of revenue cycle management vendors offering solutions to automate manual processes. But implementing it requires caution and a complete picture of your existing RCM system. You must know precisely how your billing and revenue workflows function before deciding to automate specific components. The only tasks that are better off being automated are repetitive and quantitative. In other words, avoid those tasks that require human staff to apply skills and ingenuity. 

Understanding this necessity needs consultation with IT experts who can give the best advice. Furthermore, implementing automated revenue cycle management solutions entails adequate training for the staff and subsequent support to keep things running smoothly. Integrated healthcare solutions and healthcare management systems that incorporate revenue cycle solutions always feature automation. So, it’s essential to make sure that whatever you are automating needs to be compatible with broader clinical, administrative solutions.       

2. Revenue Cycle Management Has Nothing To Do With Patient Care

Even though it does seem like medical attention and revenue cycle management are two completely unrelated aspects of healthcare, they’re not. Everything that happens within a hospital or a practice ultimately is about patient care. When clinicians use healthcare revenue cycle solutions integrated within practice management platforms, they optimize everything, not just billing and financial activities. As a result, more resources and time are left over to give to patients. Effective RCM systems also make it easy for patients to complete their payments and avoid waiting times.  

In other words, patients can get treated faster, and doctors have more time to give to patients. The payers too experience efficiency and lack of bottlenecks. To sum it up, competent HIPAA-compliant solutions for healthcare revenue cycle services are nothing short of a win-win for all stakeholders involved. That’s why it’s always practical to view Healthcare Revenue cycle Management and patient care as closely interlinked.  

3. Generic Plug-and-Play Solutions Improve Revenue Cycle Management

Numerous healthcare revenue cycle management companies are offering a plethora of solutions. While it might be tempting to purchase cost-effective ones, you must assess how it would affect established working styles. A solution that doesn’t mimic existing work routines might hinder non-medical operations. Additionally, the staff would need time and training to get used to newer healthcare revenue cycle services, which would affect the patient experience.  

So, it’s feasible to have an IT expert assess hospital workflows and develop customized medical revenue cycle management software in the long run. The best part, it need not even be installed on-premises.  

Cloud computing in healthcare has led to customized RCM solutions that need installation on hardware devices. They offer seamless healthcare interoperability, secure data backups, and scalability without additional hardware investment. Such platforms can be tailored to meet unique requirements in hospital revenue cycle analytics and medical informatics.     

So, try to know what exactly matches your requirements, and don’t shy away from a customized solution. It might take longer and cost a little extra, but it’s worth it.  

4. Out-of-Pocket Patient Payments Aren’t Significant

Out-of-pocket payments might not account for large hospitals’ revenue in urban locations. But they are significant in rural outpatient settings. The rising cost of healthcare has resulted in millions of Americans being underinsured and even uninsured. So, it helps both the providers and patients to have transparency in pricing, coupled with accurate estimates for out-of-pocket costs. Transparency in costs is known to establish efficient revenue cycle management in hospitals and ambulatory care settings, achieving better results in population health management. So, direct payments will benefit long-term healthcare revenue cycle management goals, and it is worth considering.   

5. Patient Engagement Is Independent Of Revenue

Healthcare only involves going to a doctor and getting a prescription for most people. But it’s not the same for patients with serious or chronic conditions. Such people need greater interaction with their providers, and a good patient engagement system with seamless electronic data exchange works wonders. Patient engagement is nothing but doctor-patient interaction beyond consultations and clinical admissions, and it entails educating patients and encouraging them to be actively involved in managing their care. On the face of it, patient engagement may not directly impact the healthcare revenue cycle.  

But that doesn’t mean they’re independent of each other. Regular interactions with doctors empower people to handle their care better and help doctors detect early signs of disease. Moreover, it reduces missed appointments and delayed payments while streamlining reimbursement processes. These factors resulted in improved medical outcomes and healthcare revenue cycles. In addition to this, patient engagement is directly beneficial for medical records management as it helps providers keep people’s health information up-to-date. Providers would also be better off using custom healthcare analytics solutions to assess each patient and craft unique engagement strategies.  

Conclusion

Healthcare revenue management is entwined with medical care. As regulation evolves to meet emerging technologies, providers will have to seek custom solutions to meet their requirements. This is especially true for smaller practices with one or a few physicians. Doing so requires clarity and awareness about the best healthcare revenue cycle management practices. That, in turn, must start with an understanding of what is true and what’s not about RCM in healthcare.  

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Ohio Subdivision Committee Meets to Discuss Redrawn Maps

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The state’s bipartisan Ohio Subdivision Commission has long and repeatedly resigned prior to the midnight deadline.

Columbus, Ohio — Democrats Victory in the High Court This month, it seemed that they dug into their heels against another round of the Ohio Gerrymandering legislative map on Saturday.

The state’s bipartisan Ohio Subdivision Commission has long and repeatedly resigned prior to the midnight deadline set by members to come up with a compromise that would satisfy members of both parties.

In submitting the map on January 12, the Ohio Supreme Court granted a 10-day committee to approve the redrawn maps of the state’s 99 Ohio House districts and 33 Ohio Senate districts. The judge also retained the right to consider the new map.

Lawyer for a successful party Constitutional issues Earlier maps have determined to unfairly support the Republicans who portrayed them, stating that the deadline allowed under court rules is actually Monday.

In any case, the pressure of time is intense. The deadline for submitting primary candidates on May 3 is February 2, and State Secretary of State Frank LaRose has warned that the executive branch has already begun to be delayed.

Newly elected Democratic leader Allison Russo has accused the Republicans of refusing to support maps that more closely reflect Ohio’s voter preferences over the past decade.

“To achieve this goal, members of the Republican Commission must recognize the obligation to map to create at least 45 Democratic seats and 15 Democratic Senate seats,” she said in a statement on Friday. “Ohio people expect us to provide a fair and constitutional map by the court’s deadline. It’s our job to provide it.”

However, the Republicans are still very upset in the process, casting 5 out of 7 votes on the Commission.

On Friday, they came up with a proposal to break it down into 57 Republican and 42 Democratic seats, 20 Republican seats and 13 Democratic Senate seats.

Parties in the proceedings against the map — including voting rights and Democratic groups — Submit your own plan On Friday. The Ohio ACLU described the drawings as “technically perfect” when meeting the 2015 Partisan Equity and Balance Requirements Checklist approved by voters.

On Saturday, the Citizen-led Ohio Citizens Subdivision Commission submitted the proposed amendments to the Ohio House and the Ohio Senate. Map approved along the party line on September 16th. Due to the lack of democracy support, the plan is only valid for four years, rather than the ten years generally intended when the state redraws lines to reflect the total of the new 10-year census. Wouldn’t have been.

Democratic rallies in the House and Senate also submitted map proposals on Saturday, but Republicans were working to bring the first map closer to what the Democrats wanted.

Discussions continued between the Commission’s four legislative rallies and three state-wide officials, Governor Mike Dewein, Larose, and Keith Faber.

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Ohio State University Student Workers Organize Protests

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Dozens of Ohio State University students gather in frigid temperatures to protest behind the Ohio Union, and student workers pay the college a minimum wage of one hour to improve overall working conditions. I demanded that it be raised to $ 15 per.

As a student assistant at Ohio Union, Anthony Parker’s work varies from shift to shift. Senior Parker majoring in public policy often works in the canteen kitchen, preparing orders for grubhub drivers to receive.

Parker pays $ 10.50 an hour, and the workforce in Ohio is less than a delivery driver picking up his own food.

“The biggest problem among students is wages,” Parker said in a protest on Friday. “The problem is that wages remain low.”

Ohio State University pays student workers a variety of basic hourly wages. As the state raised the minimum wage from $ 8.80 to $ 9.30 per hour on January 1, the university raised the wages of returning student workers by the same amount this year. Employees with a tip earn $ 4.65 per hour. Most on-campus jobs are paid between $ 9.30 and $ 13 per hour, according to Parker.

Resident assistants earn $ 150 every two weeks and about $ 4.45 per hour, but those students don’t have to pay for housing and get discounts on meals.

University spokesman Ben Johnson said Ohio State University employs more than 15,000 student employees on six campuses.

“The university offers competitive salaries and benefits to retain and support key student employees and appreciates their contribution to campus life and land-granting missions,” he said. Said.

According to Parker, many student workers on campus are paid $ 10 an hour, which is not much compared to what they can earn off campus.

“Many places are understaffed and it’s easy to find nearby jobs that cost more off campus, like Target and Chipotle,” he said.

According to a 2018 Georgetown University survey, nearly 70% of all college students in the United States are working. However, the impasse in negotiations over raising the federal minimum wage, coupled with rising costs in higher education, means that most college students are not as well worth their spending as they once were.

Sixty years ago, college students who worked part-time during the school year and full-time at the minimum wage during the summer pay tuition, fees, and most rooms and boards at a typical public four-year college. I was able to. , According to the Urban Institute. Today, the same amount of work at the minimum wage covers only 57% of college tuition and fees, and 27% of room and board and other costs.

Jacob Mesman, a sophomore in geography and African-American and African-American studies, works from 1 am to 5 am at the front desk of the Dracquet Tower. He helps the locked out students, answers residents’ questions, and asks visitors to wear masks properly.

Mesman earns $ 9.30 an hour, but he said he couldn’t make any more by working overnight or on holidays, and that’s not enough.

“I will be paid for hunger wages,” Mesman said. “I sacrifice sleep, grades, and social life to work.”

Mesman said student workers are the “lifeline of the university” and ensure that everything goes smoothly. One day he asked what would happen if no one went to work.

Some jobs on campus pay higher wages. For example, student bus drivers start at $ 14 an hour, and college medical center employees earn $ 15 an hour. But Parker said it was a matter of principle to pay more to all student workers.

Instead of paying more for student workers, Parker said Ohio State University has a contract with a third-party employer called Upshift, which connects adults with part-time jobs in the area. He said the base fee for those jobs was $ 18 an hour.

According to Johnson, the university worked with Upshift in 2020 to meet short-term and temporary needs.

“Wages are determined by the market and other factors,” Johnson said. “The individuals referred through the Upshift app are not university employees. Students interested in this type of temporary work should apply directly to Upshift.”

The COVID-19 pandemic has radically changed the number of jobs many Americans see, and it did not exclude college students.

Students at the University of Minnesota called on the school in November 2021 to raise the minimum wage for student workers. In March 2021, more than 120 student workers at Kenion University in Gambia picketed the campus, saying the university had exploited student labor and practiced injustice. Labor policy during a pandemic that adversely affects some student workers. Since February 2020, graduate students from Columbia University, the University of Michigan, and the University of California, Santa Cruz have held at least three strikes.

Ohio State University students aren’t trying to form a union at this time, Parker said, but protesters are in contact with union organizers at Kenion and other smaller schools.

Although they have protested under various circumstances, Parker said Kenion’s union strike was “incredibly exciting.”

Ohio student protesters marched across the campus to Scott Dining Hall. We spoke with more student workers and Morgan Harper, a lawyer running for the Ohio Democratic Party in the US Senate.

Parker said he hopes Ohio State University leaders will listen to the demands of student workers. He said it was time for change between inflation making everyday life more expensive and rising tuition fees.

“It’s easy to handle all of this,” he said.

Mark Stansbury on the left, a member of the American Local 4502 Communication Worker, is outside the Student Union of Ohio State University Student Workers, who wants the university to raise the minimum wage for student workers to $ 15 per hour. I will talk on Friday in protest at.

Mark Stansbury on the left is a member of the Communication Workers of America Local 4502 and is outside the Ohio Student Union by Ohio State University student workers who want the university to raise the minimum wage to $ 15 per hour. I’ll talk on Friday in protest.

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Ohio State University Student Workers Organize Protests

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PCHFH Bingo Is Scheduled for February 10th

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Ottawa-Putnam County Human Habitat will host “Date Night: Tool & Purse Bingo” on Thursday, February 10th at VFW Post 9142, 212 W. Second St. All evening revenues support PCHFH’s new and important homes. Repair program.

“Habitat for Humanity is about building hope,” said Anne Coburn Griffith, Executive Director of PCHFH.

The master of the night ceremony is Big Kahuna from 106.3 The Fox. The organizers will also offer a $ 1 ticket, 50/50, and sweetbox prizes for a basket lottery that highlights local businesses, experience, and craftsmanship.

The door opens at 5 pm The game starts at 6 pm

Tickets are $ 35. Eight tables can be booked for $ 280. Tickets are 150 N. Oak St via www.putnamohhabitat.org. You can purchase by mailing a check to Putnam County Habitat for Humanity, sending a message on Facebook, or calling the office at 419-523-9621.

Secretary Anne Coburn Griffith and Executive Secretary Karen Meyer of the Patnam County Habitat of Mankind are surrounded by power tools and designer handbags to be featured at Tools & Perth Bingo on Thursday, February 10.

PCHFH Bingo is scheduled for February 10th

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