tag:blogger.com,1999:blog-4384692836709903146.post2302762661712054583..comments2024-03-18T04:38:01.678-07:00Comments on Dispatch from the Digital Health Frontier: The Return on Investment of Administrative SimplificationJohn Halamkahttp://www.blogger.com/profile/04550236129132159307noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4384692836709903146.post-77382754483107972572012-07-18T14:55:32.296-07:002012-07-18T14:55:32.296-07:00About 8 years ago , new York hospitals met with pa...About 8 years ago , new York hospitals met with payers to pursue administrative simplification through the application of HIPAA transactions. We had a representative from CSC that spoke for NEHEN. Montefiore medical center was one of the early adopters of the vision. We are sending and receiving every hipaa transaction that a payer can handle. The next step for us was adding intelligent software to interpret the data we were receiving and drive the work. I believe that the revenue cycle can reduce it's cost by 50 percent while improving cash flow and reducing bad debt. The most critical step that providers need to take is to get involved in the agencies that define the data such as CORE, x12 and WEDI and CMS. We have had a return of 15 mil in just six months and that does't include the staff savings.Notmdhttps://www.blogger.com/profile/06662438467280268975noreply@blogger.com