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Top 5 Financial Metrics Hospitals Should Track

In a recent survey of hospital CEOs, the American College of Healthcare Executives reports that CEOs ranked financial challenges as the number one issue facing hospitals. Some of the top financial challenges these CEOs identified include Medicaid reimbursement, revenue cycle management, managed care and commercial insurance payments, and reducing operating costs.

It's clear hospitals should track specific financial key performance indicators (KPIs) to monitor and evaluate financial health and profitability. But at every turn, hospitals are expected to measure and deliver indicators – from quality to financial to clinical to operational. With so many required indicators to report, it may feel overwhelming for hospital leaders to know exactly which financial KPIs they should track. Our hospital revenue cycle experts at eSolutions have created a list of the top 5 financial metrics any hospital should closely watch.

How Automation in Your Clearinghouse Makes Life Easier

Why is automation important in a claims clearinghouse? Automation adds intelligence and agility to your claims submission process and revenue cycle. This equals less stress for your team, cleaner claims and improved reimbursement.

Providers should use Electronic Data Interchange (EDI) as more than a simple pipeline to submit claims. Many organizations don’t tap into existing sophisticated EDI functionality that streamlines processes, finds missing revenue, improves cash flow and so much more. An advanced clearinghouse with automated features takes full advantage of EDI functionality.

How SNFs are streamlining billing for better financial outcomes

We get it! Skilled Nursing Facility (SNF) teams need more hours in the day. Hundreds of SNFs throughout the country entrust eSolutions’ web-based products to streamline workflow, speed up cash flow and improve financial outcomes. Learn where and how six special eSolutions skilled nursing customers have leveraged eSolutions to get back their valuable time and increase revenue.

Top Medical Billing Mistakes and How to Fix Them

Let’s face it - billing errors happen. Even the most careful people make mistakes, and medical billing is complex business. Still, denied claims and lost revenue due to billing errors can cost your organization revenue and may even upset your patients. Here are some of the most common medical billing mistakes and how to fix them: