The voice of P2P automation from the finance process gurus at PayStream Advisors

PayStream Summit 2012: Healthcare Track and the Benchmarking Program

The clock is ticking with only five weeks remaining until the much anticipated 2012 PayStream Summit Conference.  PayStream is excited about the wide range of sessions and case studies available this year.  New to the Summit is a Healthcare Benchmarking program for hospitals.  The program is designed to help finance and procurement managers identify areas to increase efficiency, drive innovation and build a robust platform to support growth in their Procure-to-Pay departments.   Continue Reading +

PayStream Expands Reach into Healthcare Claims Research

In writing my most recent research report on claims payments, I was struck by the growing disparity in the application of electronic payments.  In the last 5 years, providers such as Emdeon have developed and implemented electronic programs for giant insurers, in many cases eliminating 70 percent or   Continue Reading +

Healthcare Document Management: Cutting costs and improving revenue cycle process efficiency

Healthcare providers are under increasing pressure to improve patient satisfaction. However, allocating the necessary resources to achieve these goals means that hospital administrators must seek greater revenue cycle process efficiency through cost cutting strategies and technology investments.   Continue Reading +

NetSol Expands Into Healthcare Sector Automation

"Ubiquitous Hospital Management System" - That sort of sums it all up doesn't it? Healthcare is probably the most paper-filled industry that shouldn't be.

NetSol and its partner are working towards the research and development of a ubiquitous Hospital Management System that will serve as an automated, secure and integrated solution for any hospital's clinical, financial and management needs.   Continue Reading +

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The healthcare enterprise and HCDI: Changing the way we think

What does “healthcare enterpriseâ€? really mean? The healthcare enterprise will vary from one organization to the next, but a common characteristic is that it is all-inclusive. It extends beyond the scope of the revenue cycle (registration/ admitting, service delivery, medical records, patient accounting) into corporate administration (human resources, capital planning, marketing, accounting/ audit, corporate council) as well as materials management and accounts payable. The key benefit of enterprise technology is that a single functionality can be used by various departments in different ways for improved outcomes. HCDI technology is one of the finest examples in the healthcare marketplace.   Continue Reading +

Get to know the new HOV Services!

I recently spoke with Ed Katz, SVP Healthcare Solutions, about the acquisition of LASON by HOV Services and the positive impact it had on the HOV Services healthcare business. HOV Services is among the top-tier business process outsourcing firms, of which I would also include Accenture and IBM.   Continue Reading +

Patient Access Innovation | NCHFMA Summer Institute Review

Earlier this year, Mike Caudle (Assistant Vice Preseident, Patient Financial Services, Carolinas Healthcare System) and Henry Ijams (Managing Director, PayStream Advisors) joined forces to present at the HFMA ANI in San Diego, CA. The topic of their presentation was Carolinas Healthcare System's (CHS) innovative new patient portal.   Continue Reading +

A Creeping Threat to Healthcare Accounting - HDHP's

High Deductible Healthcare Plans, or HDHP's, are changing the landscape of healthcare providers' accounting, according to a recent article by the Louisiana Medical News. It surely goes without saying that the multitude of available insurance options, a number growing every day, is problematic for any healthcare institution of any size, and a lack of automation in such a paper-intensive industry is a yoke that is going to become more and more difficult as time goes on. The HDHP threat, it seems, is a similar yet different beast. Healthcare providers make certain assumptions about patients based upon their available insurance - Historically, these assumptions have boiled down to either "well-covered" or "not-covered." But HDHP patients foul this system because they appear to be well covered, and perhaps even consider themselves well covered, but in fact their high deductible means quite the opposite.   Continue Reading +

NCHFMA Summer Institute Highlights

I just returned from the North Carolina HFMA Summer Institute in Myrtle Beach, SC and wanted to share some of the highlights. The event was well attended by over 250 local industry leaders.   Continue Reading +