The industry-wide transition from fee-for-service to value-based care reimbursement will bring changes to traditional revenue cycle management.
While hospitals, small practices, and larger healthcare systems are known for saving lives and treating patients, every healthcare organization needs to develop successful processes and policies for staying financially healthy. That is where healthcare revenue cycle management comes in.
Healthcare revenue cycle management is the financial process that facilities use to manage the administrative and clinical functions associated with claims processing, payment, and revenue generation. The process encompasses the identification, management, and collection of patient service revenue.
Without this key financial process, healthcare organizations cannot keep their doors open to treat patients. Healthcare revenue cycle management is the strategy that healthcare organizations use to pay the bills.
The Healthcare revenue cycle is a complex maze of all administrative and clinical processes that are required to capture, manage, and collect the money for medical services rendered to patients.
Whether your need is in a particular point within the revenue cycle or across the continuum, ensure better results with best practices that enable you and your team to focus on business building and creating better patient experiences. Below is an outline of the RCM disciplines in which we provide service
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