Medical Banking

Medical banking includes all financial and business transactions within healthcare. The Medical Banking Project, a venture of the National Medical Banking Institute and HIMSS, looks to encourage industry-wide improvements in financial areas such as reduced paper, real-time payment processing, health-wealth programs, online healthcare banking portals and mobile health.

RELATED STORIES:
HIMSS chief touts Medical Banking Project
Medical Banking Project launches new legislative agenda

 
By 2014, the core operating rules will likely have a major effect on reimbursement and revenue cycle processes and, as a result, payments, according to speakers who represented the payer, provider and banking perspectives at a Tuesday session titled "The Business Side of Care" during the 2013 HIMSS Annual Conference & Exhibition.
Comment count: Comments: (0)
Post date: April 15, 2013
News
High numbers of merger and acquisition deals but lower volume in the senior housing and care industry is a trend that will continue in 2013, a panel of senior housing experts said during a webcast held in late February.
Comment count: Comments: (0)
Post date: March 21, 2013
News
With the implementation of a grant-funded program to reduce hospital readmissions for elderly patients with heart failure, the University of California, San Francisco (UCSF) Medical Center was able to reduce rates of heart failure readmissions over a two-year period by 46 percent within 30 days of hospital discharge and by 35 percent within 90 days.
Comment count: Comments: (1)
Post date: November 26, 2012
News
For-profit healthcare chain, Steward Health Care System, is continuing to expand its reach, this time northward into Maine. On Monday, Mercy Health System of Maine, a nonprofit, Catholic system associated with the Sisters of Mercy and Catholic Health East, announced that it had signed a non-binding letter of intent with Steward, the first step in a possible acquisition.
Comment count: Comments: (0)
Post date: August 21, 2012
News
On the U.S. Department of Treasury's Go Direct campaign website is a countdown clock. It isn't counting down to the end of the Mayan calendar. And although some older adults may view the clock as ticking down to the end of the world as they know it, the Treasury Department and leaders of the long-term care industry say the deadline it's counting down to will begin a new era of increased efficiency and cost savings.
Comment count: Comments: (0)
Post date: August 16, 2012
News
When it comes to healthcare and patient collections processes, good communication is key, said Sunni Patterson, president and CEO of RMK Holdings, a healthcare collections company in Chicago. However, she believes that for a large number of hospitals and healthcare systems across the country, communication between healthcare providers, payers and patients is the missing piece.
Comment count: Comments: (0)
Post date: August 8, 2012
News
Chief financial officer John Cornell at Meadows Regional Medical Center, a 64-bed rural hospital in Vidalia, Ga., spoke recently with Healthcare Finance News Associate Editor Kelsey Brimmer regarding some of the most prominent financial issues that rural hospitals face in the future and have been facing in the last few years.
Comment count: Comments: (0)
Post date: August 8, 2012
News
The U.S. Department of Health and Human Services (HHS) on Aug. 7 released an interim final rule for making healthcare claim payments electronically and describing adjustments to claim payments. The department expects this next step in the adoption of operating rules to save up to $9 billion over the next 10 years.
Comment count: Comments: (0)
Post date: August 7, 2012
News
An interim final rule adopting electronic funds transfer (EFT) standards has been finalized announced the Centers for Medicare & Medicaid Services last week.
Comment count: Comments: (0)
Post date: July 19, 2012
News
The current healthcare landscape is calling for more collaboration, and possibly the most important partnership is that of the CIO and CFO. With new IT becoming a pressing necessity, it's crucial both professionals understand the ins and outs of IT spending. Jeff Muscarella outlines five things CFOs need to communicate to CIOs to prevent overspending.
Comment count: Comments: (0)
Post date: March 19, 2012
News
Med Data Inc., a provider of medical billing services has acquired revenue cycle management and personalized patient communications company MedDirect, Inc.
Comment count: Comments: (0)
Post date: January 11, 2012
News
A new set of eight MAP keys was recently released by the HFMA, and when used correctly, aids hospitals, health systems and physician practices in tracking performance over time. Here are the eight new MAP keys for physician practice management.
Comment count: Comments: (0)
Post date: December 20, 2011
News
Should brokers be compensated for helping consumers to enroll in government programs like the Pre-Existing Condition Insurance Plan (PCIP) created by the new healthcare reform law? Until now, the federal government’s answer has been “no.”
Comment count: Comments: (0)
Post date: June 1, 2011
Blog
Thousands of patients each year who are eligible for financial assistance programs are not being identified at the front-end of the billing process. For those healthcare organizations interested in identifying these patients, determining a “tipping point” could be particularly helpful.
Comment count: Comments: (0)
Post date: April 28, 2011
Blog
For American drivers, the recent spike in the price of crude oil has evoked painful memories of the summer of 2008, when the average price for regular gasoline reached an all-time high of $4.11 per gallon. What does this have to do with healthcare? Well...everything.
Comment count: Comments: (1)
Post date: April 4, 2011
Blog
In the era of healthcare reform when accountable care organizations, global payments, and partial capitation are the buzzwords filling board rooms, healthcare executives are wondering what to do next.
Comment count: Comments: (0)
Post date: February 7, 2011
Blog
Much of the debate over the Patient Protection and Affordable Care Act's medical loss ratio provisions have focused on what expenses are to be considered claims and quality improvement spending, which are to be treated as administrative costs, and what carrier expenditures should be removed from the MLR calculation altogether.
Comment count: Comments: (0)
Post date: November 17, 2010
Blog
Last week's arrest of a French doctor for leaking information about a clinical trial to a hedge fund is disturbing, but the alleged activity is neither new nor particularly rare.
Comment count: Comments: (0)
Post date: November 10, 2010
Blog
Cardiac pacemaker implantations (DRG 116) made the headlines in the first-ever Medicare Quarterly Provider Compliance Newsletter (issued by the Centers for Medicare & Medicaid Services [CMS] just this month).
Comment count: Comments: (0)
Post date: November 1, 2010
Blog
The Patient Protection and Affordable Care Act has lots of what can objectively be called "patient protections" - at least if one defines "health insurance policyholders” as patients. But most objective observers - and quite a few of the more biased ones - will agree that the PPACA focuses more on health insurance reform than health care reform.
Comment count: Comments: (0)
Post date: October 27, 2010
Blog
The National Association of Insurance Commissioners is meeting with the intent of finalizing rules surrounding the medical loss ratio requirements contained in the Patient Protection and Affordable Care Act. The impact of their decision will be profound on consumers, employers, carriers and brokers.
Comment count: Comments: (0)
Post date: October 21, 2010
Blog
What can the healthcare industry learn from the financial services industry? The parallels may not seem obvious to an outsider, but the evolution of the financial services industry and the impact on the use of credit may in fact provide valuable guidance for healthcare executives.
Comment count: Comments: (0)
Post date: October 20, 2010
Blog
Grand Junction, Colorado is touted as a low cost, high performance health care market. A New England Journal of Medicine Perspective (Low-Cost Lessons from Grand Junction, Colorado) provides seven reasons for this success.
Comment count: Comments: (0)
Post date: October 12, 2010
Blog
An important report has been released by the Government Accountability Office (GAO) pertaining to GPOs. It reaffirms what many of us have been saying for years now - that GPOs help unite a fragmented healthcare system.
Comment count: Comments: (0)
Post date: October 5, 2010
Blog