Giving back to the communities where we live and work is a cornerstone of the HCIM Culture. During our recent visit to Tampa, Colleagues spent the afternoon at A Kid’s Place painting bathrooms, decorating for an upcoming party, working in their donation room, and even provided a little support in their
Robotic Process Automation (RPA) is the technology that allows the software to mimic human actions or interactions and execute business processes. Organizations are facing increased demands on resources, pressuring them to produce more with diminishing or overburdened personnel and RPA is a promising solution to overcoming these challenges. RPA has
Effective payer provider collaboration is key to reducing the cost of healthcare, and claims management is an integral component of that relationship. As many organizations focus on care management, they must also streamline claims management processes to evolve with changing reimbursement models. Training and new technologies are at the core
The healthcare payer landscape changes almost daily and it can be hard to see the forest through the proverbial trees. It’s easy to get focused on the day to day and miss important trends that may have significant impact down the road. As we look to the future, it’s important
New payment methods, accountable care, consumerism and an increasing demand for effective subscriber engagement and management (which disrupts traditional operating models in the small to mid-sized payer market) are placing enormous pressure on providers to innovate and improve operational efficiency. Outdated core legacy systems may hinder a payer’s ability to
These are challenging times for healthcare payers. Increasing aging populations, pressure to cut costs, and a focus on quality is requiring everyone to do more with less. By facing these challenges head-on, we can turn these obstacles into opportunity. It is through continued innovation and experimentation that we will improve
Although the healthcare industry has made some progress in automating claims-related business processes, new findings in the 5th Annual CAQH Index show that widespread adoption of automation processes can result in huge cost savings. The index suggests that full adoption of electronic transactions in the healthcare industry will result in
Accountable care organizations (ACOs) were designed to shift the healthcare industry from the fee-for-service payment model to value-based care, but haven’t always achieved their intended objectives. Based on the successes and limitations of the Medicare Shared Savings Program (MSSP) and the Pioneer ACO Model, CMS launched the Next Generation ACO
If you are one of the over 418,000 Medicare providers who participated in the 2017 MIPS reporting period, you may want to take a second look at your final score. CMS recently shared an important update announcing the extended deadline for clinicians, groups, and APM entities to review their performance
This past August, HCIM Colleagues gathered from across the country for corporate meetings and our annual giveback event in Houston, TX. This year, we hosted a summer social for residents of Star of Hope’s New Haven program, a permanent housing and support ministry for those diagnosed with mental illness and/or
To offset the growing number of uninsured Americans, Congress enacted the Affordable Care Act (ACA) in 2010. With it came provision 9010, establishing the Health Insurance Providers (HIP) fee, a tax that is placed on covered entities that provide health insurance. The intention of this fee was to help fund
The purpose underlying the International Classification of Diseases (ICD) manuals is to establish a common language to organize and identify diseases and their impacts on human lives. The recent release of ICD-11 promises to further enhance the understanding and control of global diseases. Transitioning to ICD-11 isn’t required until 2022,