Revenue cycle management technology is at the heart of the administrative side of business at every hospital and health system. It is key to daily operations. As such, healthcare CIOs and other IT ...
Whether you’re managing an established practice or building one from the ground up, today’s complex and ever-evolving ...
Optimizing the revenue cycle is a top priority for many healthcare providers. To do this, many organizations are turning to robotic process automation to reduce inefficiency and free up human ...
Speeding up and simplifying the communication between provider and payer means a lot more than just getting reimbursed. It can help healthcare organizations be more transparent about costs to patients ...
A revenue cycle is a series of steps that occur between the time that a business acquires the materials to make a sale and the time that it closes the transaction. It aligns with the process of ...
'We don't think about revenue cycle as any one individual's responsibility, but as our organization's responsibility,' says Jon Sohn, senior vice president and chief revenue officer for Ascension.
Without effective revenue cycle management, organizations face the risk of inadequate cash flows, inaccurate financial statements and even insolvency. For these reasons, revenue cycle management teams ...
Revenue cycle management is the backbone of a profitable medical practice. Many physicians struggle with the idea that they are businessmen as well as medical professionals, and are continually ...
With so many components to the process – payer contracting, registration, authorization and certification, financial counseling, co-pay and coinsurance collection, dictation and transcription, coding, ...
Revenue cycle directors are seeing a clear path for automation to increase revenue, decrease denials, speed up prior authorization and claims, and remove many of the repetitive clicks that hamper ...
Cottage Health revenue cycle VP Sandy Lood emphasizes team engagement and learning beyond numbers to drive long-term success.
The complete ASC revenue cycle process encompasses many complex functions. Each is essential to securing payment for a surgery center. But due to their significant interdependence, a strong ...