Expert Opinions

All Expert Opinions | Auditing & Compliance | COVID-19 | Price Transparency | Revenue Integrity

CMS Guidance for Implants

Charging policies for implanted devices have long posed a challenge for hospital CDM management. For years, CMS has discussed high cost devices and device pass-through payment policies but stopped short of manualizing specific language or providing specific policy guidance.
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Charge Description Best Practices

Does your hospital have a clear and definitive policy for charge descriptions? Hospitals and health systems are often challenged by how they should address billing descriptions, and consultants may overlook the importance of quality descriptors for long-term file management.
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HIS Implementation: Charge Data Mistakes & Safeguards

More and more hospitals are pursuing hospital information system (HIS) conversions, and there is a growing trend of inaccurate chargemaster (CDM) data left in the wake. This article highlights frequently encountered systems implementation mistakes that may be placing your charge data integrity at risk.
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Pricing Strategies. What’s Your Defense?

In today’s era of intense public scrutiny on medical costs, what’s your pricing strategy? Does it pass the test of fairness and accuracy, without sacrificing revenue objectives? In this article, Panacea's experts share their recommendations on where to start.
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Chargemaster Spring Cleaning Tips

It’s time to revisit your organization’s charge management priorities now that the busy first quarter is behind us. Here are seven easy “spring cleaning” tips that result in dramatic, strategic improvements.
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Navigating the Financial Horizon: Unraveling the Strategy Behind Hospital Strategic Pricing Projects

In the era of healthcare transformation, strategic pricing projects equipped with technology and expertise stand as the linchpin for hospitals seeking financial resilience. By embracing a comprehensive approach, hospitals can navigate the intricate landscape of pricing with confidence, ensuring a sustainable and adaptable financial future.
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Managing the Chargemaster: The Fuel of the Revenue Engine

Your chargemaster is the fuel that runs your revenue cycle engine, serving as the basis for your reimbursement and financial success. Find out how to maintain a successful chargemaster management program and keep the engine running at top performance.
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Clarification on Three Common HIPAA Misconceptions

These three commonly misunderstood areas can land you in a heap of trouble, whether under HIPAA, the Federal Trade Commission’s enforcement authority, or a state law.
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10 Best Practices for Employee Training in Healthcare

An effective staff training program is the foundation that allows healthcare organizations to foster a culture of competence, compliance, and quality care. Elevate your healthcare team with these key strategies from our experts at First Healthcare Compliance.
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Workplace Violence Prevention in Healthcare: Ensuring Safety for Patients and Staff

Workplace violence is a serious concern in the healthcare industry, posing significant risks to both patients and healthcare professionals. Learn about the challenges faced by healthcare professionals when it comes to workplace violence and gain strategies to mitigate and prevent these incidents.
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