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.

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.
The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges
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The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges

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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.

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

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