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.
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.
Meduit’s PFX Tracker Pilot Program with Banner Empowers Patients and Providers
Charlotte, NC – With the ever-growing premium placed on the patient financial experience in healthcare, Meduit, the leading healthcare revenue cycle solutions company, and Banner Health announced the results of a year-long PFX Tracker pilot initiative designed to significantly improve the patient billing experience by avoiding surprise billing issues. The PFX Tracker is the first patient billing experience technology of its kind to be utilized by a U.S. hospital.
Healthcare providers nationwide are still grappling with the impact of COVID-19 on staffing shortages and thin financial margins. That is why we have just launched Episode 2 of our award-winning podcast series – Solutions for Staffing Shortages that Accelerate the Revenue Cycle.
Employees across our company participated in Meduit’s Mighty Give-Back campaign for 2023, collecting 7 tons of food and other items to be donated to charitable organizations. This achievement represents more than 150% of our overall company goal.
Healthcare costs are expected to rise a whopping 7% next year, according to a new report by PricewaterhouseCoopers (PwC), which also reports that hospitals and physician groups are turning to contract renegotiations with health insurance companies to close the gap.
U.S. hospitals and health systems are still struggling with staffing shortages, creating challenges for delivering patient care and negatively impacting the revenue cycle. The staffing crunch means fewer human resources are available to resolve accounts receivable and drive needed revenue. This is where artificial intelligence (AI) solutions can help.
The federal government’s “continuous enrollment provision,” which was part of the Families First Corona Virus Response Act that went into effect in March 2020, has now ended. As a result, more than a million people with Medicaid have lost coverage as of June 12, 2023, according to a new article in Becker’s.
Is your hospital, health system or physician group challenged by thin financial margins and staffing shortages? Meduit can help with our Extended Business Office (EBO) services. We work as a seamless extension of your business office to streamline your revenue cycle processes, improve cash flow, reduce AR days and enhance the overall financial health of the organization.
Hospitals and health systems across the country are struggling with thin financial margins and staffing shortages that negatively impact the revenue cycle. That is why Meduit has just launched Season 3 of our award-winning podcast series with Episode 1 – Outsourcing Insurance Accounts for Maximum Cash Flow.