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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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Unlocking the Power of Interoperability for Revenue Cycle Management

Healthcare IT Today

Healthcare IT Today sat down with Juli Forde Smith, Director of Strategic Partnerships at ZOLL Data Systems and Erica Gregory, Senior Vice President at Netsmart to discuss interoperability for revenue cycle management (RCM). Prioritize Intake for Effective RCM Patient intake is an important part of the revenue cycle process.

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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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Real-World Examples of Clinician Time Savings

Xealth

Patient engagement, patient experience, and RCM solutions related to accuracy and payment velocity attract more attention and investment. Not only did this waste clinical staff time, but it also delayed the surgical procedure due to how long it took to prepare these patients for the pre-anesthesia visit.

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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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