We stay up to date on the ever-changing insurance market's impacts on your specialty for you...because it's basically a full time job in and of itself.
The country’s hospitals stepped up in unprecedented ways to face COVID-19’s challenges. As outbreaks rose, hospitals had to ramp up testing efforts while treating thousands of patients in an effort to save lives, control the virus’ spread, and safeguard the health of other patients and hospital staff. These challenges have also created significant financial pressures […]
As COVID-19 infection rates continue to surge across the nation, U.S. medical facilities are facing increasing pressure to implement vaccine mandates for all employees. A blanket mandate may seem like the right call to curb infection rates and reduce hospitalization numbers, but the reality isn’t quite so black and white. Medical facilities are currently experiencing […]
As the COVID-19 pandemic approaches its second year, medical practitioners are uncovering new repercussions stemming from the infection. It’s becoming clear to those in the medical community that symptoms of COVID can linger long after patients recover. Referred to as COVID “long-haulers,” these patients continue to suffer a broad range of peculiar symptoms related to […]
With our 30+ years of experience and industry thought leadership, Coronis Health understands most hospitals struggle to achieve long-term sustainability. Positive financial margins can allow you to maintain a healthy cash flow and invest in new technologies and treatments to provide better patient care. One way for your hospital and surgery center to remain financially […]
What is the Merit-based Incentive Payment System? The Merit-based Incentive Payment System (MIPS) is one way to participate in the Quality Payment Program. Under MIPS, CMS evaluates your performance across multiple categories that lead to improved quality and value in the healthcare system. The performance threshold for 2021 is 60 points, which means: A MIPS […]
Accurate medical billing and coding are critical aspects of an optimized revenue cycle system. Proper billing and coding are not only necessary in terms of compliance, but are also crucial in reducing claim denials and rejections. When you take a more proactive approach to your billing and coding process, you not only get to prevent […]
The revenue cycle begins with the scheduling of an appointment and ends with the payment collected for services rendered. It sounds simple, but there are crucial steps in between that if not performed accurately, may delay payments. And with coding errors, data duplication, or missing information, you may lose revenue that your facility depends on […]
Whether a rural hospital or a surgical center, any healthcare organization’s primary focus is quality patient care, but for your facility to achieve success, you must prioritize financial health too. A healthy revenue cycle can help your facility grow and better serve patients. Outsourcing medical billing can help you achieve the most accurate and efficient […]
By implementing the American Rescue Plan, the Biden administration is delivering its promise to bring down healthcare costs. Believing that the people deserve the peace of mind that comes from knowing they can take care of their health without going into debt is the inspiration behind the strengthening of the Affordable Care Act. The plan […]
A healthcare facility’s revenue is tied to its patient reimbursement model. Any shift you make in the reimbursement process can have a significant impact on your financial health. Providers are now looking into a new healthcare reimbursement model that can streamline healthcare and cut costs called value-based care. This model is based on the quality […]
