In 2007, U.S. healthcare providers will find themselves losing hundreds of millions in revenues because of incorrectly paid claims due to misinterpreted contract terms, incorrect loading of contractual rates or denied claims, suggests research by PayStream Healthcare (www.paystreamhealthcare.com).
It’s time for hospitals to find that money – as much as $300 million – by adopting new contract management and payment review solutions for revenue cycle management.
“Healthcare providers can recover large amounts of money by simply implementing technology tools to automate their processes, and/or outsourcing contract management and revenue recovery functions,” said Ryan M. Hampton, Director of Operations and Healthcare Services for PayStream Advisors.
To assist healthcare financial professionals in the quest for these solutions, PayStream will offer two vendor roundtable webinars to address various technology tools and services. The first session, titled PayStream Healthcare Roundtable: A Discussion on Contract Management and Payment Review, will be offered from 2-3 p.m. EST on Thursday, February 8, 2007. The discussion will feature vendor information presented by Concuity, SureDecisions, and TPMS. A second session, scheduled for mid-February, will also feature several vendors from PayStream’s latest report.
The free companion report, Leaving Money on the Table: A Buyer’s Guide to Contract Management and Payment Review Solutions, by PayStream Advisors, Inc. will also be provided to all webinar participants. This buyer’s guide and vendor analysis report includes information to help key healthcare stakeholders review solutions and make vendor and technology decisions to best suit their financial needs.
To register and obtain more information about the webinars, call 704-523-7357 x223 or visit http://www.paystreamhealthcare.com/events/?calid=139.
To obtain a free copy of the Contract Management and Payment Review Buyer’s Guide, visit http://www.paystreamhealthcare.com/?ref=pr.