Learning
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 August 01, 2022
By Keith Truax, Chief Financial Officer
Maximizing Revenues and Minimizing Costs. 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.
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 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 November 30, 2022
Five Reasons Why Paper Forms Cost More Than You Realize
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 March 01, 2023
By David Figueredo, Chief Operating Officer
COB Curation: Real-time Coordination of Benefit Automation and Correction
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.