SSI Healthcare Rev Cycle Solutions

NOVEMBER 30, 2023

The Evolution of Electronic Medical Claims and Revenue Cycle Management in the US Healthcare System Home / November 29, 2023 In the constantly evolving landscape of US healthcare, the story of electronic medical claims and revenue cycle management stands out as a testament to technology’s transformative power.

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Medical Billing Insurance Companies Transactions 59

RMAi Blog

FEBRUARY 3, 2023

The Commissioner identified the following priorities for the industry appointments to this advisory committee – including RMAI’s Receivables Management Certification Program: Location within California; geographic representation is preferred (but not required). Direct experience working with clients, consumers, auditors, and licensing.

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Third Party Collections Debt Collections Law Firms Collector 100

SAP Credit Management

AUGUST 3, 2023

By enabling machines to create, rather than merely analyze data, generative AI has opened up a realm of possibilities and applications across various industries. Use Case: Art and Design Generative AI in the art and design industry has gained immense popularity.

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SSI Healthcare Rev Cycle Solutions

OCTOBER 30, 2023

Enter The SSI Group, LLC (SSI), a beacon in the RCM industry for 35 years and counting. It’s not just about the systems or tools, but the people behind them—professionals with an average tenure that’s unheard of in the industry. The SSI Advantage But where does one turn to ensure these strategies are efficiently executed?

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Transactions 97

SSI Healthcare Rev Cycle Solutions

MARCH 29, 2024

The SSI Group, LLC (SSI) Welcomes Industry Veteran Heather Dunn as President The SSI Group, LLC (SSI) Welcomes Industry Veteran Heather Dunn as President. KONZA is a nationwide health information network that electronically connects over 10,000 health care organizations to share critical patient medical records.

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RevCycle

JULY 6, 2021

In fact, this article based on a 2019 Healthcare Consumerism Study by ClearBalance highlighted that only 29% of respondents had savings to cover six months’ worth of medical expenses, with 63% saving less than $1000 for medical care. 89% said they need more than 12 months to repay healthcare expenses. Finally, this pie chart.

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Bad Debt Payment Portals Credit and Collections Default 130

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

Within this process lies the essential task of medical billing, a behind-the-scenes operation that quietly ensures healthcare facilities are properly reimbursed for their services. In this blog, we will explore each step in detail, shedding light on the intricacies of medical billing and its crucial role in the healthcare industry.

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Medical Billing Deductions Insurance Companies Transactions 52

Loomis Sayles Credit Research

NOVEMBER 9, 2023

As active equity managers with an eye toward long-term business drivers of the companies we invest in, we aim to understand how technology is manifesting within global industries and sectors. Here are some of the transformative changes we have been seeing take place in the industrials, healthcare and financials sectors.

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Credit Card Companies 52

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

Within this process lies the essential task of medical billing, a behind-the-scenes operation that quietly ensures healthcare facilities are properly reimbursed for their services. In this blog, we will explore each step in detail, shedding light on the intricacies of medical billing and its crucial role in the healthcare industry.

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Medical Billing Deductions Insurance Companies Transactions 52

RMAi Blog

APRIL 7, 2023

Unexpected financial emergencies can happen to anyone, from a random medical bill to car problems and anything in-between. Together with RMAI’s Code of Ethics , the Certification Program sets the global standard within the receivables industry due to the rigorous uniform standards of best practice which focus on protecting consumers.

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Medical Billing 130

SSI Healthcare Rev Cycle Solutions

JANUARY 13, 2023

What Hospitals Need to Know About Prior Authorization in 2023: Industry Updates. Here’s a quick overview of these regulations and industry initiatives and the key takeaways for hospitals. The HL7 Da Vinci Project is a public-private partnership focused on improving interoperability and data exchange in the healthcare industry.

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Transactions 76

SSI Healthcare Rev Cycle Solutions

NOVEMBER 9, 2023

In the medical world, it’s the comforting hand of a nurse, the reassuring words of a physician, or the empathetic ear of a therapist. Jennifer Ruda, from Augusta Medical , fondly recalls her interactions with SSI, highlighting the ease of the system and standout customer service. That’s the power of human connection.

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Medical Billing Transactions 52

RMAi Blog

MAY 3, 2023

Armed Forces and entered the receivables management industry full-time, they knew they wanted to continue serving by helping other veterans in their families and communities. The foundation provides psychiatric, mobility and medical service dogs to veterans at no charge and without geographic restrictions.

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Debt Collections 100

SSI Healthcare Rev Cycle Solutions

NOVEMBER 2, 2023

Advancing 275 Electronic Attachments in Medical Billing: A Move Towards Efficiency Home / November 1, 2023 Author: Tracey Tillman, CRCR, Sr. Director of Product Management at SSI The healthcare sector is no stranger to the myriad complexities associated with medical claims and billing processes.

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Medical Billing Transactions 52

SSI Healthcare Rev Cycle Solutions

JULY 13, 2023

July 13, 2023 Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems As hospitals and health systems strive to optimize revenue cycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial.

Medical Billing 52

Medical Billing 52

SSI Healthcare Rev Cycle Solutions

JANUARY 16, 2024

This year promises to be a crucible of transformation, testing the resilience and adaptability of industry leaders while offering fresh perspectives on managing revenue cycles more efficiently and effectively. Looking Ahead As we move through 2024, the healthcare industry must continue to evolve and adapt to these diverse challenges.

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Medical Billing 59

Prime Commercial Lending

JANUARY 10, 2024

Leasing medical equipment is an approach that many healthcare practices are now adopting. Cutting-Edge Technology at Your Fingertips One of the main advantages of leasing is the ability to stay current with the latest medical technology. Medical advancements happen at a rapid pace, and equipment quickly becomes outdated.

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Deductions 40

Due

MARCH 23, 2023

Why are medical expenses so difficult to estimate for retirement? The Difficulty of Medical Expense Planning in Retirement Let’s break down the core reasons why it’s so difficult to plan for medical expenses during your retirement. And what options do you have for solving this problem?

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Medical Billing Insurance Companies 75

SSI Healthcare Rev Cycle Solutions

NOVEMBER 9, 2023

In the medical world, it’s the comforting hand of a nurse, the reassuring words of a physician, or the empathetic ear of a therapist. Jennifer Ruda from Augusta Medical fondly recalls her interactions with SSI, highlighting the ease of the system and standout customer service. Or when a restaurant manager recalled your favorite dish?

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Medical Billing Transactions 52

Reorg Blog

SEPTEMBER 19, 2023

Kyle Owusu, CFA Credit Research kowusu@reorg.com With second-quarter 2023 earnings completed, we discuss healthcare industry trends with a focus on hospital companies, as well as inpatient/outpatient rehabilitation operator Select Medical, ambulatory service center operator Surgery Partners and

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SSI Healthcare Rev Cycle Solutions

OCTOBER 30, 2023

Enter The SSI Group, LLC (SSI), a beacon in the RCM industry for 35 years and counting. It’s not just about the systems or tools, but the people behind them—professionals with an average tenure that’s unheard of in the industry. The SSI Advantage But where does one turn to ensure these strategies are efficiently executed?

Medical Billing 52

Medical Billing Transactions 52

SSI Healthcare Rev Cycle Solutions

JULY 13, 2023

Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems Home / July 13, 2023 As hospitals and health systems strive to optimize revenue cycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial.

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Medical Billing Transactions 52

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

With provider margins razor thin, hospitals and medical groups report continued revenue cycle workforce shortages and increased challenges competing to fill open positions amidst compensation wars. Initial denial rates have risen over a percentage point each year industry-wide since 2021.

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Accounts Receivable (AR) Medical Billing Transactions 59

Due

OCTOBER 24, 2023

Microsoft’s efforts in AI span various industries, such as healthcare, robotics, finance, and gaming. For instance, Microsoft’s purchase of Nuance Communications allowed it to integrate advanced AI solutions in the healthcare sector , improving medical transcription and streamlining administrative processes.

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Lendio

MARCH 16, 2023

of healthcare businesses fail in the first year, significantly below the 21% average first-year failure rate across all industries. The following chart gives you an overview of the estimated market size, compound annual growth rate (CAGR), and startup costs for common business types within the healthcare industry. According to the U.S.

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Medical Billing 52

SSI Healthcare Rev Cycle Solutions

MARCH 12, 2023

Prior authorization (PA), or pre-certification, is a process that insurance companies use to determine if a medical service or treatment the right course of action at this time based on the diagnosis. However, one state has successfully found a solution and is leading the charge in PA reform.

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Insurance Companies 52

SSI Healthcare Rev Cycle Solutions

JUNE 14, 2023

Did you know SSI’s comprehensive edit suite is one of the most advanced in the industry? Your ability to efficiently manage and promptly correct edits, utilizing a claim scrubber or billing application, has substantial implications on your cash flow. However, not all edit platforms are equal.

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SSI Healthcare Rev Cycle Solutions

FEBRUARY 17, 2023

In pursuing a frictionless revenue cycle, the ability to work medical claims directly within your Epic system is vital. Tracey Tillman, Director of Product Management, will present the webinar Streamline Your Claims Management Process with Epic & SSI Integrations.

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Transactions 75

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

With provider margins razor thin, hospitals and medical groups report continued revenue cycle workforce shortages and increased challenges competing to fill open positions amidst compensation wars. Initial denial rates have risen over a percentage point each year industry-wide since 2021.

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Accounts Receivable (AR) Medical Billing Transactions 52

Lendio

DECEMBER 7, 2023

They band together to purchase necessary supplies, from medical equipment and pharmaceuticals to office supplies and services. Catalog access – Once a member, the healthcare provider gets access to the GPO’s catalog of products and services, which includes everything from medical supplies and pharmaceuticals to office essentials.

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Current Receivables 52

Due

APRIL 29, 2024

So, what else can you do to retain top talent in a tight labor market, especially when your industry experiences cutthroat talent competition at a baseline? Finicity Finicity is a Mastercard-owned company that calls itself “a trusted innovation partner to industry leaders across the financial services and fintech spectrum.”

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Deductions Small Businesses 75

Abrigo

MARCH 13, 2024

Consequently, all stakeholders of CRE assets are understandably nervous, including bankers and their investors who, due to the highly leveraged nature of CRE transactions, provided the bulk of capital financing the industry. If the illness of the property credit is significant, then intensive care is needed, and workout should own the asset.

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Credit Unions CECL Default Credit Risk 88

SSI Healthcare Rev Cycle Solutions

MARCH 16, 2023

Epic Billing Made Easy: Why SSI is the Claims and Clearinghouse Solution of Choice for Hospitals and Health Systems [Live Webinar] LIVE WEBINAR: March 29, 2023 at 10 am CT As a trusted industry leader with 900 Epic clients , SSI makes Epic billing as easy as possible, so you don’t ever have to leave your Epic environment !

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JANUARY 5, 2024

There are many types of emergencies that can leave families destitute, including medical emergencies, accidents, fires, natural disasters, and identity theft. It is common for medical expenses to cause financial trouble and even bankruptcy, as can the destruction of your home or an injury that prevents you from working. Healthcare.

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SSI Healthcare Rev Cycle Solutions

SEPTEMBER 25, 2023

Acting as intermediaries, healthcare clearinghouses take medical claims submitted from providers (hospitals, physicians, dental practices, etc.), In the brisk-paced and high-stakes realm of healthcare, lagging response times can result in consequential bottlenecks, disrupting the rhythm of a fluid medical claim workflow.

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Medical Billing Insurance Companies 59

Lendio

APRIL 30, 2024

For example, the wine industry realized that younger generations tend to use the Internet for wine purchases. Another example is the insurance industry using AI and predictive analytics to help underwriters make risk calculations for complex customers. No more agonizing over an email subject line? Who wouldn’t cheer for that?

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Small Businesses Credit Card Companies Transactions 52

SSI Healthcare Rev Cycle Solutions

MAY 24, 2023

A comprehensive and advanced edit suite should encompass a wide range of industry-specific, payer-focused, and provider-targeted edits skillfully managed by a team with a significant number of years of experience and a proven track record in the field. How easy is it to get in touch with your vendor when you need them?

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