RCM Archives

Automating the Healthcare Revenue Cycle with RPA

RPA uses software robots to perform repetitive, rule-based tasks typically handled by humans, making it ideal for healthcare revenue cycle management (RCM) solutions such as patient registration, billing, and collections.

Maximize Patient Satisfaction and Engagement in Healthcare Revenue Cycle Management

Achieving financial stability in healthcare requires more than just mastering patient centered revenue cycle management (RCM) processes. It demands a patient-centered approach that prioritizes satisfaction and engagement. Although hospitals and clinics focus on treating patients, they sometimes overlook the importance of patient satisfaction. Specific policies and processes can help them stay financially healthy while providing… Continue reading Maximize Patient Satisfaction and Engagement in Healthcare Revenue Cycle Management

Key Performance Indicators for Outsourced Healthcare Revenue Cycle Management

The fast-paced and ever-evolving healthcare industry presents a significant challenge for providers to maintain financial stability while ensuring quality patient care. Many organizations have opted to outsource their healthcare revenue cycle management (RCM) services to address this. However, measuring the success of these outsourced services is crucial. This blog post explores essential Key Performance Indicators… Continue reading Key Performance Indicators for Outsourced Healthcare Revenue Cycle Management

How to Choose the Right Healthcare Revenue Cycle Management Partner?

Choosing the right healthcare revenue cycle management (RCM) partner can significantly impact your organization’s financial health. Medical billing and coding complexities, increasing net collections, and handling denial management make RCM one of the most challenging mechanisms for healthcare providers. Outsourcing your RCM to a reputable agency can be a game-changer, but it’s crucial to consider… Continue reading How to Choose the Right Healthcare Revenue Cycle Management Partner?

Healthcare Providers: How to Improve Patient Collections

Effective patient collections are healthcare providers’ lifeblood of successful revenue cycle management (RCM). The pandemic has amplified the urgency for efficient collections as medical costs soar and financial pressures mount. To thrive in this challenging landscape, healthcare providers must master the art of patient collections from the first interaction to the final payment. Here’s how… Continue reading Healthcare Providers: How to Improve Patient Collections

Healthcare RCM Outsourcing Market: Global Industry Trends

Managing growth in medical practices can be a daunting challenge. As patient numbers increase, so does the complexity of managing revenue cycle management (RCM) services. Outsourcing RCM functions can offer significant relief, enabling healthcare providers to focus on delivering quality care while ensuring efficient handling of patient and insurance collections, past-due receivables, and more. The… Continue reading Healthcare RCM Outsourcing Market: Global Industry Trends

How Healthcare Providers Can Succeed with Outsourced RCM

Outsourced Revenue cycle

Managing growth can be a challenge for healthcare providers. As patient volumes increase and the complexity of services expands, maintaining efficient revenue cycle management (RCM) becomes crucial. Outsourcing RCM can significantly streamline operations, enhance cash flow, and improve financial health. Here’s a comprehensive guide on how healthcare providers can succeed with outsourced RCM, focusing on… Continue reading How Healthcare Providers Can Succeed with Outsourced RCM