Blog, Thought Leadership Manish Jain Blog, Thought Leadership Manish Jain

Understanding the Importance of Secondary DX Codes in DRG-Based Reimbursement

DRG-based reimbursement (Diagnosis-Related Group), plays a pivotal role in determining the payment healthcare facilities receive for treating Medicare patients. While the primary diagnosis code identifies the main reason for hospitalization, the significance of secondary DX codes in the DRG-based reimbursement process cannot be overstated.

Read More
Blog, Thought Leadership Manish Jain Blog, Thought Leadership Manish Jain

The offshore – onshore relay race – The case for collaboration in revenue cycle outsourcing programs

The offshore-onshore relay race refers to the collaboration between the onshore operations of your medical billing company or in-house RCM team and offshore providers of revenue cycle services across processes such as medical billing, medical coding, patient access, accounts receivable, and denial management.

Read More
Thought Leadership, Blog Manish Jain Thought Leadership, Blog Manish Jain

Revenue Cycle Trends 2023

For hospitals, healthcare systems, and even mid to large physician practices, 2022 was the worst financial year in decades. Healthcare providers already reeling under the impact of the long period of adversity due to COVID-19 were further impacted by inflationary impact and increasing cost of healthcare supplies. Protecting the revenue and doing more with fewer resources are the central themes on the minds of RCM leaders. The impact of the great resignation has left them short of both administrative and clinical workforce.

2023 promises to be a super-charged year with an increasing pace of consolidation, innovation, and adoption of new ways of doing work. We discuss some of the trends impacting healthcare and the revenue cycle.

Read More
Thought Leadership, Blog Manish Jain Thought Leadership, Blog Manish Jain

Strategies to help Hospitals navigate through the “Perfect Storm”

The rising costs of caring, economic uncertainty, the impact of the great resignation, the consequent labor shortages, and the multi-year delay in investing in technology and processes to re-engineer the financial process have created a perfect storm. Worsening the condition is the demand for medical care slowly shifting from hospitals to ambulatory care settings.

Read More