Erin Lovett
Back-end integration creates streamlined, best practice recovery processes
Back-end integration creates streamlined, best practice recovery processes. Case Study Back-end integration creates streamlined, best practice recovery processes. Poor patient communication and inconsistent statement delivery at this 571-bed system led to declining revenue, poor patient satisfaction and demoralized customer service staff. They needed healthcare revenue cycle expertise to oversee the entire patient responsibility inventory, improve…
Patient access crisis drives innovation
Patient access crisis drives innovation. Case Study Patient access crisis drives innovation. Covid-19 incited a meteoric rise in emergency room visits. This surge in patients necessitated additional staff, increased registration efforts, and expanded follow-up services at the same time the pandemic created staff shortages and state mandated restrictions in onsite patient interactions. Fueling the obstacles,…
Getting the Most from your EHR Investment
Getting the Most from your EHR Investment Thought Leadership Getting the Most from your EHR Investment An EHR is one of the biggest investments a provider will make, adding up to millions, or even billions, of dollars in software, time, and resources. On average, an EHR can take six months to a year to implement,…
Make the Most of Price Transparency Data: Charge and Reimbursement Benchmarking
Make the Most of Price Transparency Data:Charge and Reimbursement Benchmarking Thought Leadership Make the Most of Price Transparency Data: Charge and Reimbursement Benchmarking With the introduction of Hospital and Health Plan Price Transparency regulations and increasing prevalence of high deductible health plans, hospital chargemasters have become price comparison tools for creating revenue cycle benchmarks. In…
Steps to Improve Patient Satisfaction and Increase Revenue
Steps to Improve Patient Satisfaction and Increase Revenue Thought Leadership Steps to Improve Patient Satisfaction and Increase Revenue The enormous influx of eligible Medicaid and community benefit participants poses both an opportunity and challenge for healthcare providers. The shortage of trained staff and the changing healthcare landscape demands that providers think “outside the box” to…
CDM compliance and strategic pricing supports revenue goals
CDM compliance and strategic pricing supports revenue goals. Case Study CDM compliance and strategic pricing supports revenue goals. Savista set out to reallocate $85M while ensuring defensibility of charges, maintaining gross revenue neutrality and optimizing net revenue. CDMadjustments needed to comply with industry standards and federal regulations and drive strategic benchmarking. Our revenue cycle management…
Savista Introduces New CEO
Savista Introduces New CEO Jan Grimm named CEO of Savista Brenda Cline, current CEO, announces retirement and joins Board of Directors (Alpharetta, GA) September 23, 2022 Healthcare revenue cycle management services company Savista and Pamplona Capital Management announced today that Jan Grimm has been appointed CEO, effective September 20. Concurrently, Brenda Cline…
Want to Shore Up a Sagging Bottom Line? Start With Your Chargemaster
Want to Shore Up a Sagging Bottom-Line? Start With Your Chargemaster Up to 1% of net patient revenue is lost due to deficient charge capture processes. According to the Healthcare Financial Management Association (HFMA) April 29, 2022, the charge description master, or CDM, is a major source of revenue leakage for healthcare providers. Understanding the…
2023 IPPS UPDATE – Effective 10.1.2022
IPPS inpatient prospective payment system – or IPPS – updates are a go for October 1, 2022. Here are the most significant changes regarding payment, reporting and requested feedback that will go into effect on that date. Payment: 2% increase in payment in 2023 – $1.6B overall. $654 M decrease in DSH payments –…
CDM Conversion Strategy: Savvy Steps For PAS Success
CDM Conversion Strategy: Savvy Steps For PAS Success Healthcare providers can relate to the huge investment of a new patient accounting system, or PAS. The time, money and resources required plus the expected dip in financial performance during transition – it’s a lot. Which makes managing the dip and reducing recovery time after go live…