You need to have templates that are already built that says, “I either have a problem or I don’t.” And you need to be able to assess whether you have a problem in a minute or two over a cup of coffee every morning. That is where we are today. We are a highly dynamic workforce. We have to be operating like every other industry out there.
Matt Seefeld, Executive Vice President at MedEvolve
What are “wasted touches” in the revenue cycle & how do we prevent them?
Healthcare organizations are already facing razor thin margins, and administrative waste could be the linchpin for future sustainability. Billions of dollars are at stake. I’m always surprised when I talk to doctors and ask them if know how many touches, or people, it takes to get paid for services they provide, they rarely know the answer. It’s also concerning when administrators and executives over the revenue cycle functions don’t have this information.