Capital Rx’s Post

📢 🔥: Centers for Medicare & Medicaid Services reverse industry day: Get your tickets *FAST* this will sell-out! Please join the CMS, Office of Acquisition and Grants Management (OAGM) for a virtual Reverse Industry Day on Wednesday, July 31, 2024, from 10:00am -12:00pm ET. The two hour industry-led discussion in collaboration with the National Contract Management Association (NCMA) and the Professional Services Council (PSC) will compare and contrast contract requirements and evaluation criteria from actual “best value” procurements and explain how different language influences a company’s decisions on bidding, pricing, teaming, and solution development. Speakers will discuss how industry evaluates Sections B, C, L, and M of a Request for Proposal (RFP) and the common challenges and unintended consequences of certain types of language in terms of both cost and quality of the solution from contractors. The CMS acquisition community will gain a greater understanding of common procurement language that limit industry’s ability to bid on and deliver innovation and the factors that influence a company’s “price to win” strategy. The discussion will include perspectives on multi-step evaluations, conflicts of interest, price realism, Statement of Objectives (SOO) versus Statement of Work (SOW), labor categories, past performance requirements and key personnel, small business policies, and more. Please register for the event using the following link. https://lnkd.in/enukxuYK Alexa Tsui | Ron Jones

In this piece, the 340Best team explores the crucial role consultants play in 340B program optimization and compliance. The article outlines the multifaceted responsibilities of a 340B consultant and explains best practices for choosing the partner with the right expertise. https://lnkd.in/dTnJeutY #340B

In this article the 340Best team explores the crucial role consultants play in 340B program optimization and compliance. The article outlines the multifaceted responsibilities of a 340B consultant and explains best practices for choosing the partner with the right expertise. https://lnkd.in/dTnJeutY #340B

Maximize Your Practice Revenue While Avoiding CMS’s 9% Penalties with Lean Thinking 🤔!  Don’t get hammered 🔨 by CMS; instead, let’s analyze your patient population and identify your 💰CMS 🥕carrots. As a Lean expert, I’ve discovered a way for you to increase your revenue without putting in more effort or cost. Lean thinking is adding value to get paid more by CMS. It’s important to note that we’re not a revenue cycle company. https://lnkd.in/eUbv2Rmu

Standardize efficient medical billing protocols and boost practice profitability through improved charge capture. TalkEHR's medical billing solution offers substantial revenue cycle management support that caters to denial management, claim follow-up, and prior authorization for effective healthcare financial operations. https://bit.ly/45PvJcS

📈 Master the Art of Revenue Cycle Management! 💰 Ever wondered what Revenue Cycle Management is all about? NCDS Medical Billing 's comprehensive guide breaks it down, offering valuable insights and strategies. Whether you're a healthcare professional or simply curious, this read provides a deep dive into the financial heartbeat of the industry. Dive into the guide here: https://loom.ly/rgTT_aI Your knowledge fuels progress. Share your thoughts and questions in the comments.💡🏥 #RevenueCycleManagement #HealthcareFinance #FinancialEfficiency

Are you leaving money on the table? Explore our blog post for expert tips on payer contract negotiations and start optimizing your financial performance today. Don't miss out! Read more: https://bit.ly/3r03LMx #medicalbilling #contractnegotiation #healthcarefinance #billingtips #revenuecycle #healthcaremanagement #medicalcontracts #financialhealth #healthcarebusiness #healthcareadministration

Research Billing Compliance is the site's problem... While the site is ultimately responsible for their own billing compliance, CROs and research sponsors could benefit significantly from a basic understanding of site billing compliance issues. I cannot count how many times I've heard "We can pay for it if the insurance denies it." This is and always will be a non starter for any hospital/academic institution that are subject to Medicare rules. This is one example of many common issues I've seen during budget/contract negotiations. Time spent going back and forth over small details like this is time lost for enrollment. Sponsors could benefit tremendously from having someone on hand who understands clinical trial billing compliance. If you are a sponsor or CRO, and would like to discuss strategies to speed up start-up (particularly at these large institutions), DM me or reach out at ssands@medicove.net for a deeper discussion.

I’m no longer worried about the CMS new rule, we have bigger problems! :) #medicareadvantage #medicaresalesagent #medicareagent #insurancebroker #independentinsuranceagent #insurancemarketing #insuranceindustry #cmsfinalrule #cms #fmo #medicarefmo

Maximize Your Practice Revenue While Avoiding CMS’s 9% Penalties with Lean Thinking 🤔!  Don’t get hammered 🔨 by CMS; let’s analyze your patient population and identify your 💰CMS 🥕carrots. As a Lean expert, I’ve discovered a way for you to increase your revenue without putting in more effort or cost. Lean thinking is adding value to get paid more by CMS. It’s important to note that we’re not a revenue cycle company. https://lnkd.in/eBtmTM8r