RCM outsourcing and technology go hand-in-hand. This robust technology can lead to reduced costs and increased revenue collections, which is especially important in light of new hospital margin data included in Kaufman Hall's
If you’re like most healthcare executives, you've probably spent countless hours thinking about a host of challenges including rising operating costs, the labor market, and how to improve the patient experience. You’ve probably read articles about RCM outsourcing, watched webinars and analyzed data about the impact it can have. Maybe you’ve ...
As the country is emerging from the worst of the pandemic, restaurants, local shops and national chains are constrained by staffing shortages. It’s an inconvenience to say the least, but this is just the tip of the iceberg as other sectors of the labor market are tightening in more crucial ways.
A healthcare labor shortage – one that ...
It’s probably safe to say that most of the country’s hospitals and health systems are posting that message prominently right now. Recent employment trends show that the number of people quitting healthcare and social assistance jobs was
Advances Integrated Technology Strategy Through Enhanced Revenue Intelligence and Expanded Automation Opportunity
Healthcare providers face unprecedented volume gaps, which is putting more pressure on finance and revenue cycle leaders to create efficiencies that increase margins. But what does this really mean in terms of dollars and operational improvement? And how can intelligent automation (IA) help?
The revenue cycle automation enabled Baptist Health Care to quadruple the number of diagnostic appointments made online.
Artificial intelligence (AI) might be one of the most misused words in the technology vernacular. It’s often erroneously interchanged with machine learning (a subset of AI) and has become an umbrella term that either ...
When it comes to the revenue cycle, technology providers can often be bucketed three ways:
Intelligent automation (IA) is not a panacea for all that’s wrong in healthcare revenue cycle management (RCM). It should not be applied to every task, nor does it result in instant ROI. Plus, automating in healthcare is different than automating in other verticals. Let’s explore common false claims to better understand how to implement