Neonatal nursing is an important research field

Eriksson, M.; Falcking, R.ée.; Mörelius, E.

Lakartidningen 111(39): 1666-1667; Discussion 1667

2014


ISSN/ISBN: 0023-7205
PMID: 25650474
Document Number: 16134
Revenue cycle management is difficult for even the most driven organizations, given payment pressures, the increasingly complex regulatory environment, shifting technologies, and demands for improved customer service. Yet as shown by this year's winners of HFMA's MAP Award for High Performance in Revenue Cycle, progress is possible. A snapshot of performance among the group's top quartile reveals 36.27 net days in accounts receivable (A/R), a discharged not final billed (DNFB) of 4.96, 18.8 percent aged AIR of go days or more, o.8o final billed not submitted to payer (FENS), 6.09 discharged not submitted to payer (DNSP), 0.09 percent bad debt write-off, cost to collect of i.g percent, and 23.4 percent POS cash collection. Even though the winning organizations vary in size, geographic location, payer mix, and affiliation status (i.e., stand-alone versus system), one philosophy toward revenue cycle management is shared by all: Make the most of opportunities small and large. "This year's MAP Award winners look for multiple means to push performance to the next level, from making simple process changes to pursuing major initiatives that engage the top-most executives and span across the organization," notes Sandra Wolfskill, FHFMA, HFMA's director, healthcare finance policy, revenue cycle MAP. In this spirit, the following are a sampling of tips from this year's award winners, ranging from easy-to-implement ideas that may leave you wondering, "Why didn't I think of that?" to innovative approaches requiring extensive engagement and planning that are sure to be on your radar soon.

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Neonatal nursing is an important research field