How are zero balance vendors failing? There are many misconceptions when it comes to zero balance reviews. Many hospital executives feel that because they have hired a well-known or reputable vendor they have exhausted all the potential zero balance revenue available. Many have said that their vendor has found very little revenue. The misconception comesRead More
General News
Unlock Potential in Your Zero Balance Accounts
Many times the accounts in a zero balance are ignored or are not a focus to increase revenue for a hospital system. At Parathon, we have a different opinion. We view these accounts as potential lost revenue and have the ability to find out how accurately your payers are paying the bills. This could leadRead More
Parathon’s Annual User Conference – Revenue Cycle Reborn!
Parathon’s Annual User Conference is right around the corner! Join us in Las Vegas on March 6th – March 8th and get the opportunity to hear from high-profile executives on leading revenue cycle topics. Click to register or email us to learn more! Check out what we have scheduled for each day of the conference – Download Agenda
5 Underpayment Tips
Third-party underpayments are exactly what they sound like – payment requests that are only partially paid. When hospitals send out payment requests to third party insurance companies, their billing departments examine the bills, but instead of paying them in full, they only submit enough money to cover part of the balance. Unfortunately, this happens moreRead More
Healthcare Mergers and Acquisitions
It seems that healthcare mergers and acquisitions (M&A) are at an all-time high. Almost weekly, I learn of a new consolidation or divesture plan. For many, these strategies offer healthcare providers the ability to become more competitive in their respective markets and restructure internal processes. However, we have found that it is not uncommon for revenue disruptionsRead More
Parathon Reaches Growth Milestone – 20% of largest hospital systems in US
Parathon, a leading revenue cycle provider, announced today record-setting, mid-year client acquisitions, positioning the company’s market share at 20% of the largest hospital systems in the US and 100% client growth over the last twelve months. Part of Parathon’s success has been its growth in contract modeling management, and revenue recovery. Since the company’s inceptionRead More
Parathon® Once Again Ranked Top 10 Revenue Cycle Management Solution Provider
Parathon® by JDA eHealth Systems has once again been ranked the Top 10 Revenue Cycle Management Solution Provider by Healthcare Tech Outlook. This is the second year in a row that Parathon has made the top 10 list. Parathon’s success in this last year can be attributed to its growth in contract modeling, management, andRead More
Multiple RCM Systems Pose Interoperability Challenges
I read this interesting article on how the use of multiple RCM systems results in higher rates of denials as well as difficulties gathering and normalizing data. The HIMSS Analytics study said that denials are the biggest challenge hospitals face with revenue cycle management. One reason for that could be their use of multiple ITRead More