The healthcare industry faces the formidable challenges of rising costs and precarious profit margins. Elevated supply and labor costs, combined with structural revenue pressures, have created a ...
Optimizing the revenue cycle is a top priority for many healthcare providers. To do this, many organizations are turning to robotic process automation to reduce inefficiency and free up human ...
Revenue cycle directors are seeing a clear path for automation to increase revenue, decrease denials, speed up prior authorization and claims, and remove many of the repetitive clicks that hamper ...
The executive director of revenue cycle management at Banner Health details lessons learned from deploying revenue cycle automation. The healthcare industry is constantly evolving in ways that revenue ...
Effective use of revenue cycle management technology demands that CIOs, CFOs and other healthcare leaders communicate well and work together to ensure peak conditions for their rev cycle systems. Poor ...
A recent survey shows 15% of healthcare revenue cycle leaders plan to invest in robotic process automation (RPA), up from zero a year earlier. But is now the right time for RPA for your revenue cycle ...
Between rising self-pay account volumes, decreased reimbursements and ever-changing regulations, provider revenue cycle leaders are tasked with the seemingly impossible: decrease days in Accounts ...
The complete ASC revenue cycle process encompasses many complex functions. Each is essential to securing payment for a surgery center. But due to their significant interdependence, a strong ...
Without effective revenue cycle management, organizations face the risk of inadequate cash flows, inaccurate financial statements and even insolvency. For these reasons, revenue cycle management teams ...
Revenue cycle management technology is at the heart of the administrative side of business at every hospital and health system. It is key to daily operations. As such, healthcare CIOs and other IT ...
The focus on electronic health record implementation has turned to how to make use of the vast data stored within to improve revenue cycle operations. "These EHRs capture so much data. The trick is ...
A revenue cycle is a series of steps that occur between the time that a business acquires the materials to make a sale and the time that it closes the transaction. It aligns with the process of ...