Matt Seefeld is the Vice President of Medevolve, where he and his team develop software solutions to manage revenue cycles in healthcare to reduce costs and improve collections. He is also the founder of MyLifeLink, a community and application that allows those struggling with addiction to connect, share, start, and continue a path of recovery together.
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.