Congressional spending plan: What’s in it for healthcare, and what isn’t
Chief Healthcare Executive December 21, 2024
The Cost of Coding Is Killing Us
4sight Health August 24, 2022
I’m fairly confident that no other industry spends more to bill and collect money from its customers than the healthcare industry. Someday, someone smart will attach a dollar figure to that statement by adding up the annual revenue generated by all of the healthcare revenue cycle management vendors out there with the annual revenue cycle budgets of hospitals, health systems and medical practices.
The number would be huge.
Also huge would be the list of reasons why hospitals, health systems and physicians spend so much on revenue cycle management in order to collect every dime payers and patients owe them for services.
A new study in Health Affairs points to one of those reasons: coding. Our current system in the...
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