The Economic Challenges of a Central Billing Office (CBO)
Why an RCM partnership is key to improving financial results
The traditional approach to RCM has been for physician organizations to maintain central billing offices (CBOs) with staff responsible for the many RCM functions required. While a CBO may be the model of choice for some organizations, it is not ideal – particularly in today’s challenging financial environment – due to high staffing and turnover costs, as well as inadequate RCM processes. Read this infographic for statistics on how CBOs are causing practices to underperform and why practices need an RCM partner to achieve long-term financial success.
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