Matt Seefeld, EVP of MedEvolve, discusses with HIT Consultant why many physician practices are facing a harsh reality as they enter 2022. Revenue cycle processes and technology that have traditionally produced an acceptable bottom line are no longer delivering.
Growing Trends
- Growing labor and staffing complexities
- Need for greater margin
- Disparate data and systems limiting ability to gain intelligence
- Automation of manual processes is key amid resource deficiencies
- Demand for self-service and better patient financial experiences
Revenue Cycle Resources for Physician Practices
2024 MGMA Leaders Conference
Join us in Denver for MGMA Leaders conference. Learn how to increase margin & create capacity for RCM staff with revenue cycle automation.
Robotic process automation’s (RPA) enormous potential in the future of revenue cycle
Before implementing robotic process automation, you need to understand where humans are getting involved & where breakdowns are occurring. RPA can’t tell you that.
Physicians Practice: 2023 – The Year of the Healthcare Employee
Read Article Maintaining a healthy operational margin has never been more critical, and labor costs are a major factor. As labor deficiencies continue to plague
Productivity vs. Effectiveness in the Revenue Cycle: Should You Measure Claims Worked or Employee Outcomes?
Measuring number of claims worked or measuring work effort & successful outcomes? What should healthcare executives focus on with RCM labor?
How Can Healthcare Executives Combat “Quiet Quitting” in the Revenue Cycle?
Give your RCM staff work/life balance by measuring effectiveness not productivity, establishing clear goals & incentivizing top performers, and tie it to a reward system that creates the recognition that this new generation of the workforce needs to have.
PAHCOM Journal: Recession Proofing Your Practice
Matt Rolfes, CEO, MedEvolve, discusses strategies for successful positioning with Effective Intelligence & basing decisions on the right data.
