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RCM: Fixing the Old and Adjusting to the New

Healthcare IT Today

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.

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Bonus Features – April 9, 2023 – 63% of RCM departments face staffing shortages, small Stanford study shows 90% of GPT answers in clinical setting are “generally safe,” and more

Healthcare IT Today

A study from CWH Advisors and Synchrony found that 63% of providers have RCM staffing shortages , and 61% expect to work with third parties for help. The survey also found that only 20% of employees are very confident in knowing how to use their health benefits. The latest monthly trends report from Syntellis showed a -0.9%

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Maximizing Patient Outcomes with Remote Care Management

DrKumo Remote Patient Monitoring

The integration of remote care management (RCM) into healthcare delivery is becoming increasingly vital, particularly for patients with chronic conditions or ongoing health issues. RCM utilizes technology to provide healthcare services remotely, outside of traditional in-person visits.

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Weekly Roundup – July 1, 2023

Healthcare IT Today

Stephanie Deitrick told Colin how this work is helping the city improve access to grocery stores, civic buildings, commercial corridors – and paths with shade. Read more… RCM: Fixing the Old and Adjusting to the New. We posed two questions to the Healthcare IT Today community about RCM.

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Weekly Roundup – March 16, 2024

Healthcare IT Today

Read more… Unlocking the Power of Interop for More Effective RCM. Colin connected with Juli Forde Smith at ZOLL Data Systems and Erica Gregory at Netsmart to discuss how prioritizing patient intake leads to better RCM – and how APIs streamline the process of sharing financial data.

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Weekly Roundup – June 24, 2023

Healthcare IT Today

Read more… One Health System’s Roller Coaster Journey to Improved RCM. That turned out to be a blessing in disguise, interim CEO and CMO Dr. Brian Stratta, told Colin Hung, as it required reviewing and streamlining the RCM process, which cut claims denial from 45% to 17% and made real-time RCM reports possible.

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Bain & Company - KLAS Research 2023 HealthTech Report: Key Points for Providers, Vendors & Investors

Lloyd Price

The report also finds that providers are prioritizing their IT investments in certain key areas, such as: Revenue cycle management (RCM) : RCM is the process of managing the financial aspects of patient care, from billing and coding to collections and denials.

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