Maximize Patient Satisfaction and Engagement in Healthcare Revenue Cycle Management

Achieving financial stability in healthcare requires more than just mastering healthcare revenue cycle management (RCM) processes. It demands a patient-centered approach that prioritizes satisfaction and engagement. Although hospitals and clinics focus on treating patients, they sometimes overlook the importance of patient satisfaction. Certain policies and processes can help them stay financially healthy while providing optimum… Continue reading Maximize Patient Satisfaction and Engagement in Healthcare Revenue Cycle Management

Key Performance Indicators for Outsourced Healthcare Revenue Cycle Management

The healthcare industry is fast-paced and constantly evolving, which puts healthcare providers in a challenging position to maintain financial stability while providing quality patient care. Many organizations have opted to outsource their healthcare revenue cycle management (RCM) services to address this challenge. Although outsourcing RCM can be a game-changer, the question remains: how do healthcare… Continue reading Key Performance Indicators for Outsourced Healthcare Revenue Cycle Management

How to Choose the Right Healthcare Revenue Cycle Management Partner?

The revenue cycle management process is one of the most challenging mechanisms for healthcare service providers. Medical billing and coding can be complex when you rely on your in-house team. In addition, complexities are involved when managing net collections, ensuring that coding standards are followed to handle denial management, and confirming that you can scale… Continue reading How to Choose the Right Healthcare Revenue Cycle Management Partner?

Healthcare Providers: How to Improve Patient Collections

Enhancing patient collections is one of the essential components of effective revenue cycle management. Unfortunately, medical payments have undergone a drastic change over the past few months due to the pandemic, and patients are becoming increasingly affected by the rising costs and expensive medical bills. The burden of medical bill payment continues to fall on… Continue reading Healthcare Providers: How to Improve Patient Collections

Healthcare RCM Outsourcing Market: Global Industry Trends

Healthcare revenue cycle management ensures smooth administration of the hospital and medical settings. However, data redundancies and errors are the reasons that occur from manual processes, negatively affecting claim management and billing. This has led to an increase in revenue cycle management outsourcing. However, the critical factor that leads to the growth of the market… Continue reading Healthcare RCM Outsourcing Market: Global Industry Trends

How Healthcare Providers Can Succeed with Outsourced RCM

Managing growth can be a challenge to medical practices. As you start to manage more patients, you need to offer an array of RCM services or perhaps additional specialists. Now, keeping the cash flowing can be more difficult as you deal with new personnel and logistical issues that come with growth. But, on the other… Continue reading How Healthcare Providers Can Succeed with Outsourced RCM