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

Healthcare IT Today

The following is a guest article by Pete Heydt, President at Patient Pay Ninety-five percent of healthcare leaders expect outpatient volumes to increase, with many anticipating increases of 10% or more this year, a recent survey found. But finding the right approach is key.

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

Lloyd Price

Exec Summary: The 2023 Healthcare Provider IT Report by Bain & Company and KLAS Research finds that US healthcare providers are spending heavily on IT, reflecting how technology has become a leading strategic priority. Providers are investing in RCM software to improve their efficiency and accuracy, and to reduce costs.

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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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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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Healthcare AI and Automation: Good or Bad?

Healthcare IT Today

Additionally, automating processes such as this help to relieve employee burnout and simultaneously improve the patient experience. The market will see increased asks/attention for bots as they are critically needed in RCM to offset staff shortage, enhance staff retention, and accelerate tasks (ultimately cash flow).

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HIStalk Interviews Gabriel Orthous, CIO, Central Georgia Health Network

HIStalk Interviews

One is the clinical focus, the EMR perspective of workflow and patient-centered focused around clinical things that have to occur. Usually those are part of a system of trying to identify CPT codes or ICD codes in order to get paid through a billing RCM model. It really depends on the engagement level of each individual patient.

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A guide to connected health device and remote patient monitoring vendors

Healthcare IT News - Telehealth

The platform also enables health systems to determine how to best allocate resources – healthcare workers, beds – and contains the spread of infectious disease by managing care for lower-risk patients remotely. Patients answer survey questions and enter requested measurements to enable the care team’s assessment.