bloghero-bg.jpg

Sourcemed Blog

News and updates from our team, partners and industry leaders.

Recruit, Train, Retain: The Keys to Quality Revenue Cycle Staffing

Revenue cycle management is only as good as the people working toward it. A highly trained, diverse team is necessary to fill the roles required to maintain a healthy cash flow for an ambulatory surgery center. This includes certified coders,...

Quality v. Quantity: The Hidden Issue That Can Impact Your Revenue Cycle

If you’re an ambulatory surgery center (ASC) trying to navigate changes as healthcare transitions to a value-based system, you know that strong revenue cycle management is more important than ever. But any number of issues can affect a facility’s...

Three Simple Steps to Capturing More Revenue for Your ASC

Rapidly changing industry dynamics, regulatory changes brought on by the Affordable Care Act (ACA) and other legislation, the transition to ICD-10, and increased patient responsibility pose significant challenges to the Ambulatory Surgery Center...

It's a new year. Is your ASC revenue cycle ready?

What’s one of the keys to ensuring an organization’s longevity in any industry? Anticipating and adapting successfully to change. This couldn’t be any more true than in healthcare today, especially for ambulatory surgery centers (ASCs) and...

Modern Healthcare Names SourceMed Among Top Revenue Cycle Companies

Today I'd like to take a moment to share some exciting news and brag a little. As the leader of SourceMed's Revenue Cycle Services business, I see firsthand every day how our expert team of certified coders, billers and collectors work diligently...

How Proactive Thinking Improves Your Revenue Cycle Health

When it comes to personal health, people typically try to avoid getting sick. We get vaccines, we try to get regular exercise to control our weight and strengthen our hearts, and we wash our hands to avoid communicable disease. "Preventive care"...

Data Integrity, Security & Transparency in the Revenue Cycle

Data. It's a small word for something that plays such a big part in monitoring the health of your revenue cycle. Today, we have the ability to capture and analyze an amazing amount of numbers and statistics at every step of the patient...

Track KPIs effectively with Our 4 "Cs"

You are working on strengthening your revenue cycle management and you’ve taken the first step: determining the most important key performance indicators (KPIs) to track for your facility.

From the average age of accounts receivable (AR) to your...

The Paperless Plan: How and Why to Go Digital in Revenue Cycle Management

As participants in the "Digital Age," countless aspects of our day-to-day lives have evolved with the acceleration of technology. But some areas progress faster than others, and in the case of outpatient healthcare, many facilities are behind the...

The Other "KPI" that Turns Analytics into Action

Delivering high-quality care while maintaining profitability is the overarching objective of any outpatient facility. We’ve been talking a lot about using KPIs (key performance indicators) to determine the health of your revenue cycle – things...

Patient Experience Includes Payment: How It Affects Your Revenue Cycle

If you were to look at a list of the top causes of stress in life, health and finances are always near the top. While making patients healthier has always been a priority in the healthcare industry, ensuring clarity when it comes to patient...

There's No "I" in Revenue Cycle Management

Ever heard the phrase, "You’re only as strong as your weakest link?" Taken literally, that’s the amount of physical force you need to break a metal chain; and you're not likely doing that at work every day. Metaphorically, it could translate to...

What Drives Key Revenue Cycle Stakeholders

In the business of healthcare, money is necessary to facilitate the exchange of high-quality goods and services  and administration's goal is to make more of it while minimizing spending. Though your entire team may be mindful of profitability,...

Three Places Revenue Cycle and Patient Experience Intersect

Value-based healthcare is shifting our industry in countless ways. In this new era, we have to focus more tightly on the patient experience, including how it affects the revenue cycle. Like any other business, creating "customer" advocates and...

Building Your Revenue Cycle Dream Team: Woof, Chitter, or Roar?

In outpatient healthcare, revenue cycle management is only as good as the people working toward a strong revenue cycle. From the time you enter a claim to the minute it’s paid, a human chain springs into action. Collaboration is vital, and weak...

3 Simple Rules for Revenue Cycle Efficiency

It's no secret that most people want to hold on to their money for as long as possible. This reality can be particularly difficult in healthcare, where multiple payer types – from patients to insurers to the government – make collecting what's...

SourceMed and Command Health Forge Partnership to Help ASCs Get Paid Faster

 

 Integrated Solution Reduces A/R Days by Improving the Speed and Accuracy of Clinical Documentation 

SourceMed, the largest provider of outpatient technology solutions and revenue cycle services that empower ASCs, specialty hospitals and...

Boost Your Bottom Line with Revenue Cycle Analytics

Today, healthcare is almost as much about math as it is about medicine. With value-based medicine replacing the traditional fee-for-service system, reimbursement is increasingly tied to quality care and favorable outcomes. But what does that mean...

Are Your Revenue Cycle Management Processes Evolving?

Did you know that the word "value" appears in Title III of the Affordable Care Act 214 times? Clearly, the idea of value-based healthcare is at the forefront of our industry today, and it’s changing the way many things work in the outpatient...

3 Revenue Cycle KPIs to Watch

In outpatient healthcare, if you’re not thinking about improving your revenue cycle, you’re probably not thinking hard enough. Every dollar counts. Unfortunately, for a variety of reasons, revenue cycle management – obtaining, tracking, and...

Could Quick Access to Your Metrics Make Your ASC More Profitable?

Information is power.

This axiom has been at the heart of business, marketing, and risk management for decades. But in today’s world, information alone isn’t as powerful as it once was. Now, the true power of information can only be realized if...

4 Key Areas That Make a Difference in Revenue Cycle Management

In ambulatory surgery centers, obtaining prompt payment from insurers and patients is vital to effective operations. Unfortunately, it is becoming harder to get paid everything you are owed given today’s reimbursement environment.

Simply stated,...

If I Outsource Revenue Cycle Management, Am I Saying That I'm Doing a Bad Job?

Outsourcing.

Some see it as an admission of weakness – confirmation that they are unable to effectively and efficiently run their ambulatory surgery center. Others believe outsourcing is a euphemism for loss of control. And then there are those...

Does Your ASC Billing Stack Up?

How much does it cost each year for the average ambulatory surgical center (ASC) to get paid? Although specifics vary by center, costs are growing. The regulatory environment faced by ASCs is a huge driver of fixed expenses, calling for internal...

How To Manage ASC Billing Processes Like a Pro

Becker's ASC Review's latest article on managing ASC Billing processes is an ode to efficiency and effectiveness. In the busy ambulatory surgery center environment, it's difficult to properly manage billing. Many ASC's are hoping to turn around...

Recruit, Train, Retain: The Keys to Quality Revenue Cycle Staffing

Revenue cycle management is only as good as the people working toward it. A highly trained, diverse team is necessary to fill the roles required to maintain a healthy cash flow for an ambulatory surgery center. This includes certified coders,...

Quality v. Quantity: The Hidden Issue That Can Impact Your Revenue Cycle

If you’re an ambulatory surgery center (ASC) trying to navigate changes as healthcare transitions to a value-based system, you know that strong revenue cycle management is more important than ever. But any number of issues can affect a facility’s...

Three Simple Steps to Capturing More Revenue for Your ASC

Rapidly changing industry dynamics, regulatory changes brought on by the Affordable Care Act (ACA) and other legislation, the transition to ICD-10, and increased patient responsibility pose significant challenges to the Ambulatory Surgery Center...

It's a new year. Is your ASC revenue cycle ready?

What’s one of the keys to ensuring an organization’s longevity in any industry? Anticipating and adapting successfully to change. This couldn’t be any more true than in healthcare today, especially for ambulatory surgery centers (ASCs) and...

Modern Healthcare Names SourceMed Among Top Revenue Cycle Companies

Today I'd like to take a moment to share some exciting news and brag a little. As the leader of SourceMed's Revenue Cycle Services business, I see firsthand every day how our expert team of certified coders, billers and collectors work diligently...

How Proactive Thinking Improves Your Revenue Cycle Health

When it comes to personal health, people typically try to avoid getting sick. We get vaccines, we try to get regular exercise to control our weight and strengthen our hearts, and we wash our hands to avoid communicable disease. "Preventive care"...

Data Integrity, Security & Transparency in the Revenue Cycle

Data. It's a small word for something that plays such a big part in monitoring the health of your revenue cycle. Today, we have the ability to capture and analyze an amazing amount of numbers and statistics at every step of the patient...

Track KPIs effectively with Our 4 "Cs"

You are working on strengthening your revenue cycle management and you’ve taken the first step: determining the most important key performance indicators (KPIs) to track for your facility.

From the average age of accounts receivable (AR) to your...

The Paperless Plan: How and Why to Go Digital in Revenue Cycle Management

As participants in the "Digital Age," countless aspects of our day-to-day lives have evolved with the acceleration of technology. But some areas progress faster than others, and in the case of outpatient healthcare, many facilities are behind the...

The Other "KPI" that Turns Analytics into Action

Delivering high-quality care while maintaining profitability is the overarching objective of any outpatient facility. We’ve been talking a lot about using KPIs (key performance indicators) to determine the health of your revenue cycle – things...

Patient Experience Includes Payment: How It Affects Your Revenue Cycle

If you were to look at a list of the top causes of stress in life, health and finances are always near the top. While making patients healthier has always been a priority in the healthcare industry, ensuring clarity when it comes to patient...

There's No "I" in Revenue Cycle Management

Ever heard the phrase, "You’re only as strong as your weakest link?" Taken literally, that’s the amount of physical force you need to break a metal chain; and you're not likely doing that at work every day. Metaphorically, it could translate to...

What Drives Key Revenue Cycle Stakeholders

In the business of healthcare, money is necessary to facilitate the exchange of high-quality goods and services  and administration's goal is to make more of it while minimizing spending. Though your entire team may be mindful of profitability,...

Three Places Revenue Cycle and Patient Experience Intersect

Value-based healthcare is shifting our industry in countless ways. In this new era, we have to focus more tightly on the patient experience, including how it affects the revenue cycle. Like any other business, creating "customer" advocates and...

Building Your Revenue Cycle Dream Team: Woof, Chitter, or Roar?

In outpatient healthcare, revenue cycle management is only as good as the people working toward a strong revenue cycle. From the time you enter a claim to the minute it’s paid, a human chain springs into action. Collaboration is vital, and weak...

3 Simple Rules for Revenue Cycle Efficiency

It's no secret that most people want to hold on to their money for as long as possible. This reality can be particularly difficult in healthcare, where multiple payer types – from patients to insurers to the government – make collecting what's...

SourceMed and Command Health Forge Partnership to Help ASCs Get Paid Faster

 

 Integrated Solution Reduces A/R Days by Improving the Speed and Accuracy of Clinical Documentation 

SourceMed, the largest provider of outpatient technology solutions and revenue cycle services that empower ASCs, specialty hospitals and...

Boost Your Bottom Line with Revenue Cycle Analytics

Today, healthcare is almost as much about math as it is about medicine. With value-based medicine replacing the traditional fee-for-service system, reimbursement is increasingly tied to quality care and favorable outcomes. But what does that mean...

Are Your Revenue Cycle Management Processes Evolving?

Did you know that the word "value" appears in Title III of the Affordable Care Act 214 times? Clearly, the idea of value-based healthcare is at the forefront of our industry today, and it’s changing the way many things work in the outpatient...

3 Revenue Cycle KPIs to Watch

In outpatient healthcare, if you’re not thinking about improving your revenue cycle, you’re probably not thinking hard enough. Every dollar counts. Unfortunately, for a variety of reasons, revenue cycle management – obtaining, tracking, and...

Could Quick Access to Your Metrics Make Your ASC More Profitable?

Information is power.

This axiom has been at the heart of business, marketing, and risk management for decades. But in today’s world, information alone isn’t as powerful as it once was. Now, the true power of information can only be realized if...

4 Key Areas That Make a Difference in Revenue Cycle Management

In ambulatory surgery centers, obtaining prompt payment from insurers and patients is vital to effective operations. Unfortunately, it is becoming harder to get paid everything you are owed given today’s reimbursement environment.

Simply stated,...

If I Outsource Revenue Cycle Management, Am I Saying That I'm Doing a Bad Job?

Outsourcing.

Some see it as an admission of weakness – confirmation that they are unable to effectively and efficiently run their ambulatory surgery center. Others believe outsourcing is a euphemism for loss of control. And then there are those...

Does Your ASC Billing Stack Up?

How much does it cost each year for the average ambulatory surgical center (ASC) to get paid? Although specifics vary by center, costs are growing. The regulatory environment faced by ASCs is a huge driver of fixed expenses, calling for internal...

How To Manage ASC Billing Processes Like a Pro

Becker's ASC Review's latest article on managing ASC Billing processes is an ode to efficiency and effectiveness. In the busy ambulatory surgery center environment, it's difficult to properly manage billing. Many ASC's are hoping to turn around...

Revenue Cycle Management Checklist

Connect With Us

0 Comments

Integrated. Scalable. Proven. Our Solutions. Your Edge.

Ready to get your edge?
LEARN HOW