Latest Articles
POSTED September 25, 2023
By David Figueredo, Chief Operating Officer
The New Language of RCM: Denial Prevention and Perimeter Defense
Discover how Wave HDC pioneers revenue cycle management with real-time verification, COB correction, and seamless issue resolution at registration. Reduce denials by 35% and eliminate AR delays and costly contingency fees. We redefine Denial Prevention and Perimeter Defense, identifying and fixing issues at the patient's entry point. It's time to modernize your RCM strategy with our automated solutions.
POSTED September 19, 2023
Bridging the Gap between Hospitals and Payers
The relationship between hospitals and insurance payers is crucial in revenue cycle management. With the right RCM solution, this relationship can be strengthened, ensuring timely payments and reduced claim denials.
POSTED September 12, 2023
Medical Billing Software: The Future of RCM
Medical billing is at the heart of revenue cycle management. With the right partner and platform, hospitals can ensure accurate billing, timely payments, and reduced claim denials.
POSTED September 05, 2023
The Importance of Coordination of Benefits in RCM
Coordination of Benefits (COB) is a crucial aspect of revenue cycle management. With patients often having multiple insurance policies, ensuring that each policy pays its share is vital. Here's how AI-powered COB curation solutions can make a difference.
POSTED August 29, 2023
The Evolving Landscape of Revenue Cycle Management and the Power of Artificial Intelligence
The role of a hospital CFO or CRO constantly evolves, especially in the field of revenue cycle management (RCM). With the complexities of medical billing, insurance claims, and patient payments, managing the revenue cycle can be a daunting task. Enter AI-powered real-time COB (Coordination of Benefits) and Insurance Discovery software.
POSTED August 21, 2023
The Imperative of Fast Discovery and Eligibility in Modern Healthcare
In the rapidly-evolving landscape of healthcare, the roles of hospital CFOs and CROs have never been more crucial. Their decisions and strategies directly influence the financial health of their institutions. One area that has increasingly demanded their attention is the realm of fast discovery and eligibility in revenue cycle management (RCM). This series aims to shed light on this critical aspect, offering insights into its challenges and the transformative potential of AI-powered and machine-learning solutions.
POSTED August 08, 2023
Six RCM Risks You Need to Know
In today's competitive and evolving healthcare revenue cycle management environment, RCM business leaders must make strategic decisions that generate growth and increase efficiency in a cost-conscious manner amidst a complicated, fluid labor market – not exactly the easiest job description in the world. Sometimes, hard jobs lead to selecting ‘easy’ solutions.
POSTED August 02, 2023
Wave HDC Hospital Team Expands, Adds Veteran Jim Child
Child brings over 15 years of claims management sales experience to Wave’s healthcare revenue cycle management solutions
POSTED July 25, 2023
Wave HDC Welcomes Veteran RCM Executive Brent Grimes
Healthcare industry veteran joins fast-growing Wave as it ramps up health system focus
POSTED April 07, 2023
By Valentina Rezk, Assistant Brand Manager
Wave HDC: Becker's Top 50 Innovative Companies
Healthcare organizations are constantly striving to improve their revenue cycle processes. The challenges of collecting payments from government and private payers and patients can be complex and time-consuming. This is where Wave HDC comes in - a company revolutionizing healthcare data curation and automation.
POSTED March 30, 2023
By David Figueredo, Chief Operating Officer
End of An Era? COVID-19 Emergency Declaration End Dates Announced
The federal administration has signaled that they plan to officially end the COVID-19 national emergency declarations on May 11, 2023. This indicates the danger and impact of COVID-19 have reached a manageable level that no longer warrants the same level of control and funding available since the CARES Act was passed. While the May 11 date may change, you should assume that the protections and funding will see significant changes around that time and plan accordingly.
POSTED March 01, 2023
By David Figueredo, Chief Operating Officer
COB Curation: Real-Time Coordination of Benefits
According to a 2020 Kaiser Foundation study, 17% of claims are denied with 50% of providers in the southeast and mid-west experiencing 20-30% denials rates according to CMS Transparency data published in 2021. While denials can be the result of a wide range of procedural and informational issues, a prevalent theme as one looks at the data is that nearly 50% of denials can be associated with registration and coordination of benefit reason categories.
POSTED January 14, 2023
HLTH 2022: Post-Event Recap
Healthcare professionals gathered in Las Vegas November 13-16 for HLTH 2022. Designed to “gather the entire health ecosystem for an intimate, curated event experience,” this conference focused on accelerating innovation in the industry. HLTH attracts a broad range of attendees, including providers and health systems, payers, employer benefits leaders, consumer tech and wellness specialists, investors, and life sciences and pharma experts.
POSTED January 12, 2023
Becker’s '22 CEO + CFO Roundtable Recap
On November 7th–10th, healthcare leaders returned to Chicago for Becker’s annual CEO + CFO Roundtable. This C-suite-focused event included over 160 speakers from hospitals and health systems around the country. In addition to the “in-person” event, a virtual component was also offered for remote registrants.
POSTED January 11, 2023
By Keith Truax, Chief Financial Officer
The Importance Of Financial Stewardship
Stewardship, by definition, means the careful and responsible management of something entrusted to one’s care. As financial stewards of the organizations we serve, it is our utmost responsibility and one to be performed with all the energy and discipline we can muster.
POSTED January 10, 2023
AMP 2022: Post-Event Recap
The Valley of The Sun (Phoenix, AZ) was the host city for the Association For Molecular Pathology’s AMP 2022 Annual Meeting & Expo. Held November 1st – 5th, the AMP conference is the only educational event developed and presented by internationally recognized molecular diagnostic professionals.
POSTED January 02, 2023
Wave HDC's Webinar Series: “Hiding In Plain Sight”
On December 14th, the Wave Webinar Series wrapped up for 2022 with “Hiding In Plain Sight: Five Reasons Why Paper Forms Cost More Than You Realize” with Wave CRO Dean Paluch and special guest speaker Greg Stein, the CEO of Shadowbox. Wave and Shadowbox have come together to offer paper-based labs a unique platform that quickly reduces costs while increasing revenue and optimizing Revenue Cycle Management Solutions.
POSTED November 30, 2022
Why Paper Forms Cost More Than You Realize: A Perspective on RCM
Studies show that more than 50% of all lab tests are still processed on paper. While health systems and large national laboratories typically use software that enables the electronic transfer of lab orders and results, small to mid-sized labs still overwhelmingly rely on paper and fax machines, with the assumption that automation is too expensive. But do they know the actual cost of all that paper?
POSTED November 28, 2022
By Dean Paluch, Chief Revenue Officer
AI And Automation: The Power Behind Data Curation
In its 2021 joint poll, the MGMA (Medical Group Management Association) and Change Healthcare reported that 69% of healthcare leaders surveyed reported an increase in claims denials. Ironically, the upward trend cites the traditional root causes. The survey concluded that three of the top four issues were tied to front-end workflows (e.g. registration, eligibility) and accounted for 50% of denials.
POSTED November 15, 2022
Event Recap: July 2022 Diagnostic Coverage & Reimbursement Conference
Wave HDC was honored to co-sponsor and participate in the 21st Semi-Annual Diagnostic Coverage & Reimbursement Conference held July 27th-28th in Chicago!
POSTED October 03, 2022
Wave HDC Elevates Their Tech Stack With the Acquisition of Goodvisit
Tampa, Florida, October 1, 2022. Today, Healthcare Data Curation® and automation leader Wave HDC announced the expansion of its capabilities by acquiring Goodvisit, a leading provider of fee estimation, denial prevention, and work list tools.
POSTED September 26, 2022
By Jordan Levitt, President & CEO
The Art And Science Of Healthcare Data Curation
By definition, a curator is one whose role is to acquire, care for, and develop a collection, and in Wave HDC’s case, the collection is data.
POSTED September 07, 2022
Wave HDC & Shadowbox: Navigating Uncertainty
Wave HDC, the most trusted source in healthcare for data curation, now provides clients with data which maximizes statement delivery as well as maximizing USPS bulk rate discounts.
POSTED August 01, 2022
By Keith Truax, Chief Financial Officer
Maximizing Revenues and Minimizing Costs with RCM. Your Success Is Our Motivation!
Have you ever considered assigning the categories of “best,” “better,” and “worst” to claims? The “best” claim is the one that never existed, and the “better” claim is the one easily denied due to a plethora of rules. The “worst” claim is the one that is complete, accurate, and timely. That’s the perspective some of our colleagues in the industry take and one Wave HDC seeks to challenge. With our comprehensive data curation and revenue cycle management solutions, we not only ensure clean and accurate data, support connectivity across systems, and enable the care continuum but also focus on claim denial prevention.
POSTED December 10, 2021
Turning Demographics Into Dollars: RCM Strategies for Maximizing Revenue
Wave HDC, the most trusted source in healthcare for data curation, now provides clients with data which maximizes statement delivery as well as maximizing USPS bulk rate discounts.
POSTED December 01, 2021
5 Ways Wave HDC Can Help You Get More From Your EMPI
Wave HDC, the most trusted source in healthcare for data curation and revenue cycle management, recognizes the challenge many of our clients face when it comes to capturing data and managing their service population in an e-MPI. Our solutions not only ensure clean and accurate data, support connectivity across systems, and enable the care continuum but also streamline revenue cycle management processes, leading to improved financial outcomes for your organization.