The Meduit Innovation Lab Blog

Recent Posts

Taking the Pulse of Healthcare RCM Technology: What’s New and What’s Next

Posted by Meduit RCM on May 15, 2024 9:00:00 AM

As we approach the halfway mark of 2024, healthcare costs in the United States continue to reach unprecedented heights. In 2023, expenditures were expected to reach up to $4.7 trillion. In 2031, that number is projected to be $7.2 trillion. (1) These dollar amounts underscore how critical it is for hospitals, health systems, and private practices to have the right revenue cycle infrastructure in place. Without one, collecting the funds required to expand services and meet the changing needs of patients is virtually impossible. 

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Conquer Escalating Claim Denial Rates

Posted by Meduit RCM on Apr 25, 2024 9:30:00 AM

Insurance denial rates have increased 20% in the last five years, according to a report by Healthcare Finance News. These rising denial rates are negatively impacting reimbursements and causing huge administrative burdens for hospitals, health systems and physician groups.

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New Report Reveals Healthcare Organizations Are Paying the Price For Claim Denials.

Posted by Meduit RCM on Apr 23, 2024 10:00:00 AM

Managing denied claims has long put a financial strain on hospitals and health systems. In the past few years, the problem has only worsened as payers use AI to help delay payments and turn the claims process into a labyrinth for hospitals to navigate.

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Health Systems Near Breaking Point as Labor Costs Rise & Payer Dollars Fall

Posted by Meduit RCM on Apr 10, 2024 10:00:00 AM

An astonishing 84% of health systems cite lower reimbursement from payers as a top cause of low operational margins, according to a report published by the Healthcare Financial Management Association (HFMA) and Eliciting Insights, a healthcare strategy and market research company.

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February 2024 edition of Meduit’s digital RCM magazine Cycle Up

Posted by Meduit RCM on Feb 22, 2024 11:00:00 AM

This is a critical year for healthcare providers and their revenue cycle health. Though hospital margins are on the rebound, staffing shortages and rising labor costs persist, while claim denials continue to increase at a double-digit pace. Escalating healthcare costs are fueling a need to improve the patient experience in order to drive collections.

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Playing the Claim Denials Game

Posted by Meduit RCM on Feb 21, 2024 9:45:00 AM

Do you feel like your healthcare enterprise is playing a board game and rolling the dice when it comes to managing claim denials? You are not alone. The follow-up process has certainly changed and become a huge burden for providers.

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What’s Coming Down the Road for Healthcare RCM in 2024

Posted by Meduit RCM on Jan 8, 2024 9:00:00 AM

2023 was an important transitional year for healthcare. The COVID-19 federal health emergency has ended, and along with it, government programs such as the Coronavirus Aid, Relief and Economic Security (CARES) Act, that helped mitigate the economic burden on hospitals and providers. 

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Meduit Achieves a Net Promoter Score of 62!

Posted by Meduit RCM on Dec 21, 2023 7:50:27 AM

Meduit’s Net Promoter® Score (NPS) for 2023 is in, and we are proud to report Meduit has achieved a rating of 62. To compare, other companies received these scores:

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October 2023 edition of Meduit’s digital RCM magazine Cycle Up

Posted by Meduit RCM on Oct 26, 2023 8:00:00 AM

At Meduit, we are seeing a gradual but encouraging financial recovery for our hospital, health system and physician group partners. However, staffing shortfalls and rising claim denials continue to hamper smooth operations.

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Strategies for Identifying and Retrieving Missed Revenue – a Meduit Podcast

Posted by Meduit RCM on Oct 19, 2023 7:15:00 AM

While most healthcare providers are seeing stabilizing finances, staffing shortfalls and concerns over long-term financial health still exist. Many hospital leaders are looking to outsourcing and found money solutions in order to maximize financial recovery. That is why we have just launched Episode 3 of our award-winning podcast series – Strategies for Identifying and Retrieving Missed Revenue.

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