Healthcare IT Today
JUNE 29, 2023
Revenue Cycle Management (RCM) is like a one of those huge Lego sculptures. Having a well executed RCM strategy is crucial to keep your organization running because it impacts everything. From the outside it looks one thing, but upon further inspection there are a million tiny little pieces that fit together to create the whole.
BHM Healthcare Solutions
MARCH 15, 2023
Revenue cycle management (RCM) refers to the process of tracking patient care from registration to final payment, including all the administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. Calls are recorded and transcribed, focusing doctors on patient care.
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Hinduja Global Solutions
FEBRUARY 8, 2021
For better RCM, prioritize people and track with technology. Proper revenue cycle management (RCM) involves careful documentation of the entire patient journey, from pre-registering through payment collection. Across the healthcare industry, health information mismanagement is causing a loss of millions of dollars each year.
Healthcare IT Today
JANUARY 28, 2024
About half (49%) of healthcare professionals are likely to invest in new RCM technology in the next 18 months , according to Salucro’s Healthcare Provider Fintech Insights Report. News and Studies The Sequoia Project released a bundle of TEFCA draft documents , including v2 drafts of the Common Agreement and QHIN Technical Framework.
BHM Healthcare Solutions
OCTOBER 3, 2023
In the complex world of healthcare, efficient revenue cycle management (RCM) is the linchpin that ensures a healthcare organization’s financial health. The Significance of Effective RCM For healthcare organizations, mastering revenue cycle management is not merely a matter of administrative efficiency; it’s a financial imperative.
Healthcare IT Today
JANUARY 18, 2023
Revenue cycle leaders can use this analysis to understand gaps in care and develop patient-focused investment strategies. AI capabilities can speed through burdensome RCM tasks to help healthcare providers avoid denials, reduce coding errors and improve price transparency for patients. Dawn Crump, Sr.
Healthcare IT News - Telehealth
MAY 12, 2021
"These numbers are not surprising, as RCM is still relatively new," said Kristin Stitt, chief clinical officer at Vector, in a statement. That said, RCM technology is still maturing. The report also flagged a potential mismatch between the administrative burden of RCM on staff and the awareness of said burden on physicians.
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