Millennia reports that revenue cycle management (RCM) is vital for ensuring timely payments, reducing waste, and enhancing patient experience in healthcare.
A recent survey shows 15% of healthcare revenue cycle leaders plan to invest in robotic process automation (RPA), up from zero a year earlier. But is now the right time for RPA for your revenue cycle ...
The healthcare industry faces the formidable challenges of rising costs and precarious profit margins. Elevated supply and labor costs, combined with structural revenue pressures, have created a ...
Revenue cycle management (RCM) is vital for healthcare organizations. It ensures financial stability and efficient operations. RCM involves managing the financial processes from patient registration ...
Effective use of revenue cycle management technology demands that CIOs, CFOs and other healthcare leaders communicate well and work together to ensure peak conditions for their rev cycle systems. Poor ...
Healthcare providers are looking for ways to improve the efficiency of their revenue cycle management (RCM). A solution on everyone’s radar is Artificial Intelligence (AI), a powerful tool that can ...
Process Cycle Efficiency (PCE) is a simple calculation that will define what percent of your total processing time is consumed by waste. It will also show you where that waste is and how you might try ...
Kimberly Scaccia, vice president of revenue cycle at Mercyhealth, outlines a methodical, multistep action plan for creating a denials management solution. There's so much noise around denials ...