Mike Priddy’s Post

Despite hospitals being required to publicly post online their negotiated prices and contracted rates for healthcare services back in 2021, there is still work to be done to achieve real price transparency. Transparency will not lower healthcare costs alone, but it’ll undoubtedly make a significant impact! Click to learn more! - - - - - #medicalinsurance #groupbenefits #employeespotlight #employer #dentalinsurance #teamwork #work #corporatewellness #employeeappreciationday #employeesatisfaction #businessinsurance #workplaceculture #employeeofthemonth #recruitment #wellness #employment #humanresource #entrepreneur #openenrollment #mentalhealth #humanresourcesmanagement #healthbenefits #wellbeing #disabilityinsurance #to #hiring #employeedevelopment #workculture #medicareadvantageplans

Implementing effective healthcare revenue strategies not only enhances financial performance but also has a significant impact on reducing clinician and staff burnout. Discover effective strategies you can use to reduce staff and provider burnout in a new Physicians Practice article by Marvin Luz, Senior Director, Greenway Revenue Services. https://bit.ly/44g09nc #healthIT #EHR #RevenueCycleManagement

Navigating healthcare billing can be tricky for home health businesses! 🏡💼 Ever wonder how to make it smoother? 🤔 Outsourcing is the key! Discover how pros simplify billing and let you focus on patients, not paperwork. Click for a stress-free guide! 🚀💵 https://lnkd.in/gnvm2u-2 #revenuecyclemanagement #medicalbilling #homehealth #hospice

The 5 with 5 for 2K Healthcare Challenge   My post two days ago (https://lnkd.in/g3qS8X4a) highlighted something that I believe is at the root of America's healthcare dysfunction: The belief by employers that you just have to accept what you are handed. It is like I used to tell my once little kids at dinner: 'You get what you get, and you don't throw a fit' (yes, I know that was a bit of lazy parenting).    If all employers get what they get and don't throw a fit, costs just keep spinning out of control!   So here is the challenge. You are overpaying on your major medical bills—hospitals are overcharging you in ways you can push back on. We invite 5 companies to test us on what is an important first step in lowering healthcare costs.   To the first 5 self-insured companies that let our partner US Beacon review your 5 largest healthcare claims from last year, if they don't show you that you over-payed by at least 15 percent, we will just write you a check for 2K for wasting your time. They will investigate every charge, at no cost, and show you where you were double charged or over charged. (Each claim must be above 25K.) A 'thank you' to US Beacon for performing these valuable reviews at no charge. You get a valuable review at no cost. If it not show savings, you make money. No matter how this goes you win. Why are we doing this for US Beacon? CareLuminate brings a suite of solutions to employers and brokers to ensure better value for major medical. This is usually the best place to start—we really believe in this solution because we have seen it in action!   Most important for this challenge, I will post the high-level results of what we found (not the names of the companies or anything HIPAA protected of course). I will post the % savings that US Beacon found so that all companies can take advantage of this. If we pay out on one or all of these, I will let you know! We know you are skeptical, but if this is real (and it is) then by pushing back on overcharges, you will have the equivalent of no healthcare cost increases for at least two years. This is big!   We just performed this test with a large new client last week. We look at 10 of their largest bills and found 62% savings! Common hospital double billing, called unbundling, makes finding these savings pretty simple for our team of clinicians that review every large bill and the itemized statements behind the bills. Why can we find savings where your network ASO misses them? Because they auto-adjudicate such a high percentage and rarely look at the itemized statements. We are thorough, they are not.    So remember, (in healthcare) you get far more after you throw a (constructive) fit. #healthcaresavings #employeebenefits #selffunding #USBeacon

In healthcare, addressing today's challenges demands innovative strategies. Hospital CFOs and revenue cycle leaders must navigate unique paths to optimize revenue cycles, ensuring financial stability and fostering growth. Dive deeper into our blog to explore actionable insights on navigating these complexities: https://bit.ly/48ktv6G #revenuecycle #healthcare #accesshealthcare

In healthcare, addressing today's challenges demands innovative strategies. Hospital CFOs and revenue cycle leaders must navigate unique paths to optimize revenue cycles, ensuring financial stability and fostering growth. Dive deeper into our blog to explore actionable insights on navigating these complexities: https://bit.ly/48ktvnc #revenuecycle #healthcare #accesshealthcare

In healthcare, addressing today's challenges demands innovative strategies. Hospital CFOs and revenue cycle leaders must navigate unique paths to optimize revenue cycles, ensuring financial stability and fostering growth. Dive deeper into our blog to explore actionable insights on navigating these complexities: https://bit.ly/3tHKnFu #revenuecycle #healthcare #accesshealthcare

In healthcare, addressing today's challenges demands innovative strategies. Hospital CFOs and revenue cycle leaders must navigate unique paths to optimize revenue cycles, ensuring financial stability and fostering growth. Dive deeper into our blog to explore actionable insights on navigating these complexities: https://bit.ly/3NMZnZe #revenuecycle #healthcare #accesshealthcare