Parathon Software by JDA eHealth Systems, Inc.
by JDA eHealth Systems, Inc.
As anticipated, the HFMA Annual conference did not disappoint. In addition to an amazing lineup of speakers, vibrant breakout sessions, and thought-provoking keynotes, the exhibitor hall was an excellent venue to connect with industry experts, hospital executives, and vendors alike. While attendees may have been inspired by different aspects of the conference, I came awayRead More
Attending conferences can be hit or miss. Often, schedules are packed with a variety of speakers and topics, only some of which relate to the individuals who attend. At Parathon, we strive to create an annual meeting that fills the entire agenda with relevant topics, no matter the type of hospital or health system youRead More
Due to significant changes in healthcare delivery, cost and coverage, payments, legislation, high deductible plans, and a large increase in patient responsibility, providers are looking for better ways to stop revenue leakage. As a result, revenue integrity (RI) and the advancement of revenue cycle management is a top priority for hospitals and health systems. AccordingRead More
On a weekly basis, it seems a client or prospective client asks me to provide to them some helpful tips to increase revenue, decrease denials and improve the overall function of a hospital or physician business office. What a loaded question! My short answer is to always review your managed care practices and actively participateRead More
Big buzz in the news today is crypto-currencies like Bitcoin and Blockchain technologies. I have to admit, I was having a hard time understanding the concept of bitcoin and Blockchain. I ran across a video of John Oliver explaining both concepts and even though it was a bit over the top, the basics were wellRead More
Contract Modeling Artificial Intelligence is the systematic process of intelligently re-adjudicating and validating a large group of claims to include all contract nuances, remits, and billing data… Please read full post: Contract Modeling AI eBook 2018!
According to Advisory Board, Healthcare organizations suffer an annual loss from denial write-offs ranging from as little as 1% of net patient revenue to as high as 4 or 5%. For an average 300-bed organization, 1% of net patient revenue can equate to $2 million to $3 million annually. Why do Healthcare organizations accept thisRead More
Hospitals are providing quality care for their patients, but are challenged with receiving adequate reimbursement from payers, particularly with emergency room services. Some payers have adopted zero-pay or reduced payment for non-emergent use of the emergency department (ED). The burden is on the provider to add more resources and staff to manage this policy orRead More
With millions of dollars in hospital revenue on the line, check out how Parathon stacks up against Excel or other limited modeling software. Hospital Revenue. Not Loss. To learn more about our products and services Parathon provides, please contact us to schedule a demonstration. https://www.parathon.com
Contract Management automation is key in ensuring a hospital is being paid accurately. With the ability to model all payer methodologies using outliers, carve-outs, fee schedules, and a variety of groupers, including DRGs, EAPGs, and APC, as well as immediately identify variances and underpayments, hospitals are increasing their net revenue. Your current contract management solutionRead More
