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Unlocking the Power of Interoperability for Revenue Cycle Management

Healthcare IT Today

A seamless transfer of data in the revenue cycle process results in optimal reimbursement, reduced administrative costs, and fewer surprises for patients. Prioritize Intake for Effective RCM Patient intake is an important part of the revenue cycle process. So much of the experience for patients is a financial one,” added Smith.

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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. When things are simple and easy to pay for, patients are happy, the staff is happy, and you are most definitely happy.

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Turning Increased Ambulatory Volumes into Financial Strength: 4 Moves for RCM

Healthcare IT Today

However, capitalizing on increased activity demands that leaders streamline their operations—including around patient financial engagement and payment—so they can make the investments needed to set themselves apart from the competition. But finding the right approach is key.

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Patient Experience with Revenue Cycle Management

Healthcare IT Today

So often in talking about Revenue Cycle Management (RCM) the focus is placed onto the organization. How do we improve RCM? How to can we incorporate digital solutions into RCM? However, that leaves out one huge piece of RCM. The patient. Read what they had to share down below. So interesting!

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What Physicians Need to Know about Achieving Optimal Practice Performance in Challenging Times

Healthcare IT Today

It also enables the practice to have a more productive conversation about the patient’s responsibility and payment options. This, in turn, can improve the patient experience while helping practices get paid in full. . Claims Coding. Coders need to understand how the quality of their work impacts the practice’s bottom line.

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The Role of RCM in Health Equity

Healthcare IT Today

Involving revenue cycle management (RCM) is necessary for any comprehensive SDoH/health equity strategy. Patient experience. SDoH Factors Impacting Patients and Revenue. For example, of the 56% of organizations reporting in an AHIMA survey that they collect SDoH data, 73% said they had no formal oversight committee.

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5 Must-Haves in a Patient Financial Communication Platform

Healthcare IT Today

The following is a guest article by Steven Dubner, Vice President of Product Management at Nordis Technologies No matter how exemplary the clinical care, overall patient experience and satisfaction often hinge on the last interactions with providers—billing and payments.

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