Stuck in this everyday grind amid challenges like shifting payer behavior, changing regulations, and growing staffing shortages, providers are now making a conscious effort to re-innovate their RCM strategy to keep the ball rolling
Revenue Cycle Management
5 Reasons to Consider Offshore Revenue Cycle Management Services
Revenue cycle management (RCM) entails numerous back-end responsibilities—from addressing medical billing errors to collecting payments—which costs time, effort, and resources, thereby diverting healthcare organizations’ attention
Revenue Cycle Management
Strategies to Uncover and Address Underpayments in Healthcare
With hospitals facing unprecedented financial strain lately, the idea of leaving money on the table is not a choice. Several hospitals annually lose 1% to
Revenue Cycle Management
How is Robotic Process Automation Transforming Healthcare RCM
In recent years, several revenue cycle management (RCM) technologies have emerged to meet different requirements and goals of healthcare providers. One of the most popular
Denial Management, Revenue Cycle Management
Claim Denials: Have You Addressed This Elephant in Your Revenue Cycle Yet?
Over the last five years, unresolved claim denials have increased at an alarming rate of 20%, with health systems losing at least $500,000 annually to denials, driven by factors such as coding errors, incomplete documentation, and lack of compliance.
Revenue Cycle Management
5 Patient Collection Best Practices Healthcare Providers Must Know
Patient collections play a vital role in a healthcare organization’s financial health, demanding utmost care and attention. Operational costs and patient financial responsibility pose increasing
Revenue Cycle Management
6 Tips for Smooth Transition From Traditional RCM Systems
Imagine operating a state-of-the-art hospital with all the newest medical technology while your back-office support is always stuck with an outdated revenue cycle management (RCM)
Revenue Cycle Management
Healthcare RCM Outsourcing: How to Know if Your Organization Is Ready for It?
Revenue cycle operations have become more challenging than ever due to constraining margins, evolving payment models, and increasing administrative burden, thereby putting all healthcare organizations
Revenue Cycle Management
How to Improve Revenue Cycle Management Amid Staff Shortage
It is no news that there is a significant staffing shortage across the healthcare industry, which continues to impact the revenue cycle management (RCM) department.
Medical Coding, Revenue Cycle Management
Medical Coding: 7 Proven Strategies to Avoid Common Errors
Medical coding is an important step in healthcare revenue cycle management (RCM). However, errors in coding—no matter how trivial they are—can result in numerous problems
