healthcare

Ruth's Reading List 5/22/15

Ruth's Reading List 5/22/15

Today’s post is dedicated to our clients who operate in the healthcare industry. Ongoing changes in the U.S. healthcare system now require increased record keeping, quality of care, and, soon to come, the implementation of much more detailed coding under the ICD-10 transition. Meanwhile, revenue collection is being negatively impacted by the bundling of payments and increased patient responsibility under high-deductible health plans. More than ever, it is critical to measure your revenue cycle Key Performance Indicators (KPIs). 

The Costs of Benefits

The costs of labor and benefits comprise a large portion of most company’s expenses. Healthcare and other benefit costs are skyrocketing. Many companies incur the cost of hiring the wrong person—and possibly the costs associated with such individual’s termination, if not processed properly.