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

"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?


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SOURCE Craneware
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