3 False Claims About Intelligent Automation in the Revenue Cycle
Ronald HaduchOctober 8, 2021
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
Why to Consider Intelligent Automation as Patients Return to Physician Practices
Ronald HaduchJuly 7, 2021
After a year that resulted in 72% of practices experiencing decreases in revenue, patient volumes are normalizing. MGMA recently reported ...
Don't Reinvent the Wheel: How a Revenue Integrity Strategy Drives Financial Performance
Nicole ShinglerJune 8, 2021
If 2020 was a year of financial crisis, then 2021 is shaping up to be the year of financial resilience – and healthcare providers are nothing if not resilient. After last year’s estimated $323 billion financial loss, bouncing back is no small endeavor for hospitals. The winter COVID-19 surge has caused expenses to soar, with labor and supply ...
MGMA: Don’t Let Tight Resources Hinder Contract Optimization
Brian BellamyJune 1, 2021
It’s a long-standing paradox: When resources are tight, practices tend to omit some of the fundamental activities that could help generate additional revenue. Many practices are still feeling the effects of pandemic-related volume reductions, which have resulted in negative financial impacts and placed a strong ...
Becker's: 5 Key Takeaways - LifePoint's Jason Ross on RCM Partnerships
Becker's Hospital ReviewMay 14, 2021
In the wake of COVID-19, many healthcare leaders are concerned about their organization’s financial viability and are seeking new revenue cycle management (RCM) strategies to increase profitability and market share.
At the virtual Becker's Hospital Review 11th Annual Meeting, Jason Ross, senior vice president of revenue and network ...
Becker's Hospital Review: 4 Elements to a Physician Group's Success
R1 RCMApril 27, 2021
Now more than ever, it is crucial that healthcare providers' strategic revenue cycle investments meet organizational needs and help ensure financial stability.
A Strategy to Eliminate Fixed Costs From the Hospital Revenue Cycle
Peter A. HallApril 21, 2021
Just days into 2021, industry leaders such as KaufmanHall began projecting that hospitals and health systems were in for another tumultuous financial year: in addition to recovering from ...
Physicians Practice: Restore the Revenue Cycle for Financial Rebound
Chris PierceApril 2, 2021
For years, practices have found themselves in a never-ending battle to adjust to the demands of an evolving healthcare marketplace. Adapting to complicated incentive terms in payer contracts, decreasing payer and patient revenue, increasing operational costs, and keeping up with new legislation have been enormous challenges—especially ...
Getting the Greatest ROI from Revenue Cycle Automation
Philip MilsomMarch 10, 2021
A year after operating margins dipped into negative numbers and YOY revenues decreased as much as
Moving Past Revenue Cycle Recovery to Achieve Financial Resilience
Nicole ShinglerFebruary 8, 2021
After a fairly predictable start, 2020’s unforeseen turn into a yearlong (and counting) pandemic created a torrent of financial and clinical challenges for hospitals and health systems. Reduced volume, increasing care complexities and an uncertain economy still remain in 2021 as hospitals continue working toward financial recovery. It won’t be ...
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