Navigation Links
Craneware-Sponsored Panel to Focus on Preventing Revenue Leakage for Chargeable Supplies
Date:3/15/2010

ATLANTA, March 15 /PRNewswire/ -- According to a recent Healthcare Financial Management Association (HFMA) InstaPoll, a majority of hospitals believe they are reimbursed for less than half of their chargeable supplies. With pending healthcare reforms and proposed cuts to government reimbursement for healthcare services, hospitals face increased demands from the government and patients this year, which force them to do more with less. As healthcare organizations look for ways to improve their financial performance, it is vital to ensure that supplies are being priced, charged and coded effectively to capture all legitimate revenue. This will be the topic of discussion in an upcoming HFMA Audio Webcast sponsored by Craneware, Inc. (AIM: CRW.L), the market leader in automated revenue integrity solutions.

The Webcast, "Chargeable Supplies: How You Can Ensure Proper Reimbursement," will address how hospitals can capture optimal legitimate revenue for chargeable supplies. Supply chain managers are realizing that improving margins is not just about managing cost, but also about optimizing revenue for chargeable supplies. The panel will provide insights into the importance of carefully examining the revenue cycle components of supply chain, and will give effective tips for optimizing related business processes.

"Most hospitals are missing significant revenue by under-billing and not billing for chargeable supplies used in patient care," said Michael Whitacre, business solutions consultant at Craneware. "Operational breakdowns preventing supply reimbursement go unnoticed as healthcare organizations struggle to connect the disparate systems that contain relevant information on everything from purchase history to pricing, coding, charging and reimbursement. This is a huge source of revenue leakage. To fix it, hospitals need to better reconcile their item master data with supply item information in the chargemaster to ensure their revenue integrity for continuing success. Whether a hospital thrives or fails, vastly impacts the communities it serves."

The Webcast, scheduled for Monday, March 22, 2010, from 2:00 p.m. to 3:45 p.m. CDT, will educate attendees on:

  • What supplies should be addressed first for a faster return on efforts?
  • What common errors prevent optimal reimbursement for supplies?
  • How can a hospital establish a communications framework to improve reimbursement?

Industry experts, from both the revenue cycle side and supplies side, will provide an overview of the existing reimbursement process – highlighting areas of improvement for both sectors. Attendees will gain a firm understanding of ways to improve operational efficiency, reduce risk and optimize appropriate reimbursement.

The panel includes Lisa Killam, reimbursement charge supervisor at St. Joseph Healthcare in Maine, Brian Patterson, RN, chargemaster coordinator of the revenue management department at University Hospital in Georgia, and Mike Brown, director of materials management at University Hospital in Georgia. Whitacre will moderate the panel.

The Webcast is free to HFMA members who are also members of an HFMA Forum. Those members may register for "Chargeable Supplies: How You Can Ensure Proper Reimbursement" at www.hfma.org/events/webcasts/AWC032210.htm. Pricing information for non-members is also available at that location.

View the social media release at http://pitch.pe/51934.

About Craneware

Craneware (AIM: CRW.L) is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Craneware's market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge and code for services and supplies associated with patient care. This optimizes reimbursement, increases operational efficiency and minimizes compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.

SOURCE Craneware

Back to top

RELATED LINKS
http://www.craneware.com

'/>"/>

SOURCE Craneware
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Harvard Medical School-Partners HealthCare Center for Genetics and Genomics Successfully Completes Evaluation of AutoGenomics 2C9-VKORC1 Panel to Assess Warfarin Sensitivity
2. TorreyPines Therapeutics Completes Patient Enrollment in Phase IIb Clinical Trial of Tezampanel for the Treatment of Acute Migraine Headache
3. Harvard Medical School-Partners HealthCare Center for Genetics and Genomics Successfully Completes Evaluation of AutoGenomics 2C9-VKORC1 Panel to Assess Warfarin Sensitivity
4. TorreyPines Therapeutics Initiates a Phase I Multiple Dose Clinical Trial of Tezampanel
5. Cell Therapeutics, Inc. (CTI) Sponsors Panel Discussion on Women and Lung Cancer on Capitol Hill
6. Cell Therapeutics, Inc. (CTI) Supports Panel Discussion on Women and Lung Cancer on Capitol Hill
7. Tezampanel, TorreyPines Therapeutics Lead Compound, Reduced Muscle Spasticity and Rigidity in Preclinical Study Conducted at University of California, San Diego
8. Tezampanel Meets Primary Endpoint in Phase IIb Clinical Trial in Acute Migraine Headache
9. AcroMetrix Releases New OptiQuant(R) HIV-1 Quantification Panel
10. American Meat Institute Calls WCRF Panel Recommendations on Meat Consumption Extreme and Unfounded
11. Replidyne to Participate on Anti-infective Panel at RBC Capital Markets Healthcare Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/10/2016)... Feb. 9, 2016 On Tuesday, ... (FDA) met with its Arthritis Advisory Committee ... of Johnson & Johnson,s Remicade and most ... in the U.S. The Biologics Prescribers Collaborative ... - Alliance for Patient Access, American Association ...
(Date:2/10/2016)... 2016 Demonstrates changes in ... receptor selectivity   1 receptor ... entered clinical development as a new treatment for ...   --> 1 receptor agonist, ... clinical development as a new treatment for cognitive ...
(Date:2/9/2016)... Corporation (NASDAQ: PODD ) (Insulet or the Company), the ... OmniPod ® Insulin Management System, today announced ... Insulet,s Board of Directors. With his appointment, the Board is ... --> --> Mr. Lemoine ... a deep knowledge of accounting, financial reporting and internal controls ...
Breaking Medicine Technology:
(Date:2/10/2016)... ... February 10, 2016 , ... Dr. ... office is now offering a variety of comprehensive procedures for facial enhancement. The ... facial volume restoration, lip enhancement and nasal reshaping. , As a result, ...
(Date:2/10/2016)... , ... February 10, 2016 , ... Ongoing news of ... Life Care Association™ (ALCA) to conduct a survey that takes a closer look at ... today illustrates the prevalence and causes of TBI among the aging population, and identifies ...
(Date:2/10/2016)... ... February 10, 2016 , ... United Benefit Advisors (UBA), ... latest addition to its growing list of Partner Firms. S.S. Nesbitt is ... Orlando to Huntsville and in between. , Harnessing the experience and insights of ...
(Date:2/10/2016)... ... 10, 2016 , ... AxoGen, Inc. (NASDAQ: AXGN), a leading medical technology company ... and full year ended December 31, 2015 on Monday, February 29, 2016 after the ... investment community following the release at 4:30 PM ET. Investors interested in participating by ...
(Date:2/10/2016)... , ... February 10, 2016 , ... ... time Emmy award winner and inspirational speaker Jan Fox will serve as keynote ... Speaking Boldly will provide participants with tools to more effectively communicate with their ...
Breaking Medicine News(10 mins):