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
Implementation of RCM Services for Hospitals from Patient-to-Payment
Improving the collection process is crucial for effective revenue cycle management (RCM). Many healthcare practices across the US need help with reduced patient volume, leading to decreased revenue. Enhancing the patient collections process is essential for maintaining cash flow and overall financial health. Key Reasons for Accounts Receivable (A/R) Pile-Up Inaccurate Information Collection One of… Continue reading Implementation of RCM Services for Hospitals from Patient-to-Payment