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ONC published goals for Cures are “promote health and wellness, enhance the delivery and experience of care, build a secure, data-driven ecosystem to accelerate research and innovation, and connect healthcare and health data through an interoperable health IT infrastructure”.
Admirable goals, but as with much government speak, some caution is in order.
Large data sets are likely to provide insights that will improve patient care. Patient access to records will enable collaboration that should over time improve general health. Interoperability should allow providers wider choice in the tools they purchase and employ. This benefit will be particularly valuable as the pandemic drives acceptance of remote patient care.
Ah, but these benefits also have a risk. They significantly expand the competitive landscape for a facility. Prospective patients can be identified and engaged digitally. Routine care may in many instances be delivered remotely. These possibilities increase the probability that the ambulance will pass your facility for that digitally sophisticated competitor.
MEDHOST is prepared to assist you meet these challenges. Through ongoing regulatory changes, we maintain a commitment to deliver timely, cost-effective solutions, to help hospitals save time and resources, reduce cost, maximize revenue, and create better experiences for the communities they serve.
Start preparing today. We’re here to help. To learn more contact us at inquiries@medhost.com or call 1.800.383.6278.
The Price Transparency Rule goes into full effect January 1, 2021 for hospitals. To be compliant and avoid the $300 per day penalties, preparation needs to begin now. MEDHOST is committed to helping our Community Hospital customers to meet this regulatory challenge.
In an article posted at the beginning of 2020, we offer a quick breakdown of four core Price Transparency facts. According to the rule, hospitals will be required to provide the ability to search a minimum of 300 shoppable services in a public place.
To ease the transition to compliance, MEDHOST built first generation Price Transparency tools and services into our current digital patient management solutions. Ultimately, our system will update shoppable services in real time as payor contracts and charge masters are updated. Current payor contracts and charge masters avoid patient dissatisfaction resulting from presentation of inaccurate information as well as preventing revenue loss. Many competing price transparency solutions magnify this problem by presenting past billing errors.
The MEDHOST Price Transparency solution simplifies the creation of shoppable features for facility procedures and services on a public-facing hospital website. In addition, the MEDHOST solution will:
The importance of staying current with mandates could trickle down to negatively impact patients and providers. While getting regulations right the first time is critical for hospitals and clinics, unfortunately, many healthcare facilities lack the time and staff to achieve these demands. However, they don’t have to manage these new Price Transparency challenges alone and settle for less than the best. MEDHOST has strategically provided a way for facilities to help solve for Price Transparency regulatory challenges. It is also an opportunity to improve revenues through better maintenance.
MEDHOST revenue cycle management specialists have noted two major challenges that may arise from Price Transparency requirements:
Partnering MEDHOST’s Price Transparency solution with MEDHOST’s Contract Management Solution and Contract Management Services can help facilities solve the challenges above, so they don’t have to spend time digging through the weeds on their own. Our Contract Management Solution works within the MEDHOST system, without requiring additional connectivity or data extractions to third-party systems, to produce accurate and up-to-date price estimates by ensuring insurance payor contracts are updated regularly. Additionally, our team identifies accounts to recover insurance underpayment reimbursements for facilities.
Through ongoing regulatory changes, we maintain a commitment to deliver timely, cost-effective solutions, to help hospitals save time resources, reduce cost, maximize revenue, and create better experiences for the communities they serve.
Start preparing today. We’re here to help. To learn more contact us at inquiries@medhost.com or call 1.800.383.6278.
Senator Bill Frist interviews MEDHOST’s President Ken Misch on his healthcare podcast, A Second Opinion, about his personal health journey and discusses how MEDHOST works with rural health systems to continue to meet their evolving needs.
Watch here.
Learn how Electronic health records (EHRs) can help hospitals and healthcare providers create healthier communities. Hear from MEDHOST subject matter experts on cybersecurity, product development, and implementation to get their professional insights on how healthcare technology enhances care delivery and improves patient outcomes.
Listen here.
Achieving patient and provider satisfaction begins with finding the right partner who is committed to personally assisting you and your facility’s needs. Finding that committed EHR vendor who supports your mission is critical for a community that depends on you. Is your EHR setting you up for success or holding you back? We’d like to get to know you. Email us at inquiries@medhost.com or call 1.800.383.6278 to learn more.
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