Six RCM and Business Trends That Will Influence Practice Management in 2020

February 3, 2020
Articles

Tech replaces spreadsheets and manual tasks, while engaging with patients at each stage of the revenue cycle becomes essential.

When we began 2019, it was clear that revenue cycle management (RCM) was in a transition phase, with the rise in patients’ out-of-pocket costs and bad debt write-offs within medical practices. To stay ahead of the curve, many practices began exploring healthcare technology solutions that offered data-driven financial performance insights.

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The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges

BLACK BOOK REPORT MedEvolve ranked #1 overall for RCM Automation technology

For the Record: Rev Cycling to a Better Bottom Line

“Measuring every touch in the revenue cycle is key to future sustainability—because every touch means money out of your pocket.” ~ Matt Seefeld

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.

WEBINAR: Unveil the SHOCKING Hidden Data in Your Revenue Cycle to Reduce Waste & Improve Margin

Healthcare revenue cycles are primed for the benefits of automation & AI, but many are missing a critical link: human-generated data.

2024 AAOE Virtual AI Summit – Revving up revenue cycle with AI-driven automation for a lean workforce

AI can help reduce waste & improve efficiency in the revenue cycle by analyzing human touches & making recommendations for waste reduction.

Reduce RCM labor dependence with financial clearance, coding, insurance A/R, & patient A/R automation modules with real-time analytics.

Increase productivity and simplify front & back office processes while keeping your staff focused with our flagship PM system.

Six RCM and Business Trends That Will Influence Practice Management in 2020

Tech replaces spreadsheets and manual tasks, while engaging with patients at each stage of the revenue cycle becomes essential.

EBOOK DOWNLOAD

The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges

Related Posts

For the Record: Rev Cycling to a Better Bottom Line

What are “wasted touches” in the revenue cycle & how do we prevent them?

WEBINAR: Unveil the SHOCKING Hidden Data in Your Revenue Cycle to Reduce Waste & Improve Margin

2024 AAOE Virtual AI Summit – Revving up revenue cycle with AI-driven automation for a lean workforce

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