Tools for proper oversight of the healthcare revenue cycle and better accounting across the broad spectrum of a medical organization’s financial matters have established themselves, in recent months, as utterly invaluable to healthcare administrative personnel.
Ensuring this timeline is streamlined and runs smoothly means a strong revenue cycle management (RCM) process.
To maximize your organization’s reimbursement rate in revenue cycle management, you should be familiar with the average rates across the country as well as the factors which can influence these numbers.
In the hospital setting, revenue cycle management is an integral – but complicated – component of ensuring an organization runs efficiently and effectively.
Should you outsource your revenue cycle management operations? Here are five signs that you may benefit from doing so.
Revenue cycle management applications are software designed to support hospital RCM operations. In contrast, RCM solutions augment RCM technology with account management and consulting.
Ridesharing introduces further complexity to hospital revenue cycle management processes. Who receives the bill when a rideshare driver or passenger is injured?