Top Questions to Ask Before Outsourcing Accounts Receivable
Outsourcing accounts receivable can be a strategic decision for hospitals that want to improve their cash flow, reduce costs, and focus on their core competencies. In today’s changing healthcare environment, it is critical to continually optimize the revenue cycle for the best possible outcomes. Some organizations prefer to keep all functions in-house. Still, for […]
The Business Impact of Scaling Revenue Cycle Management Operations
Revenue cycle management (RCM) manages healthcare delivery’s financial aspects, from patient registration and insurance verification to billing and collections. RCM is crucial for ensuring the profitability and sustainability of healthcare organizations, as well as the satisfaction and loyalty of patients. However, RCM is also a complex and dynamic process that requires constant adaptation to changing […]
Dispelling the Myths: Outsourced Revenue Cycle Management Activities
Revenue cycle management (RCM) is vital for any healthcare organization that wants to optimize its cash flow, reduce denials, improve patient satisfaction, and comply with regulations. However, RCM is also a complex and challenging process that requires specialized skills, technology, and resources. Many healthcare organizations struggle to manage their RCM effectively and efficiently, resulting in […]
Learn How to Keep EHR Projects on Course with Data Analytics
Healthcare organizations invest millions of dollars into EHR projects. Establishing and continuously monitoring the data is important to keep those projects on track for success. EHR implementation projects are costly for an organization; however, there are many expected benefits, like better documentation, safer care, better coordination of care, and more effective communication. The implementation stage […]
Boost Provider Efficiency and Reduce EHR Frustration
Electronic Health Records (EHR) have become an integral part of healthcare in the modern world. However, many physicians are still struggling to keep up with the workflow and processes related to EHR usage. Develop Personalized Physician EHR Training Although some of these problems are resolved as interoperability increases, a successful EHR implementation or big update […]
Beware these EHR Implementation Pitfalls
As more and more organizations adopt new technology, it’s important to be aware of the potential pitfalls that can occur during implementation. EHR implementations can be complex and time-consuming, so it’s important to have a clear plan and adequate resources in place before starting. Here are the five biggest EHR implementation pitfalls you need to […]
Measuring Success: Was your EHR Go-live a Win?
A successful go-live of your Electronic Health Record (EHR) system is essential for a smooth transition from a legacy to a modern one. Specific indicators can be used to assess the success of an EHR go-live, such as training and team optimization. The keys to a successful go-live lie with proper planning and preparation. That […]
Learn How Optimizing your EHR Can Boost Staff Retention
Healthcare organizations are spending a lot this year to retain their current staff. How can they make sure those dollars produce the maximum impact? Healthcare is experiencing a huge shortage of physicians and nurses at a time when the U.S. population is aging and requiring more care than ever before. Organizations spend more than 50% […]
Hospital Financial Performance Still Lagging Behind Pre-2020
Pre-covid performance seems to be a thing of the past as hospitals learn to navigate a new business environment. The March 2023 Kaufman-Hall Hospital Flash Report is out, and it reveals some trends worth taking a look at. Armed with this information, reinforces the concept of a “new normal” in healthcare, in which there will […]
How AI is Revolutionizing the Revenue Cycle
Are you still trying to address some of the biggest pain points in your revenue cycle? AI technology may soon be our answer. AI and machine learning applications are not a new phenomenon in healthcare, but their use is accelerating quickly as new use cases and apps develop quickly. Some of the best processes to […]