Rebuilding Your Healthcare Revenue Cycle

Posted in Revenue Cycle Management (RCM)

While the coronavirus pandemic wreaked havoc on the lives of millions of people, hospitals and other healthcare entities fought tirelessly to protect both patients and staff. However, the battle against the pandemic quickly became a war on multiple fronts, as many healthcare systems were forced to contend with disruptions to their revenue cycles in addition …

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Role of Revenue Cycle Management in Health Equity

Posted in Revenue Cycle Management (RCM)

Healthcare organizations have long understood that revenue cycle management (RCM) plays a leading role in creating a winning financial plan. However, the abundance of data that flows through an RCM system can also be used to inform strategies for patient care and health equity. Over the last few years, the concept of “health equity” has …

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Automate Revenue Cycle Tasks to Improve Efficiency

Posted in Revenue Cycle Management (RCM)

Efficient revenue cycle management (RCM) is a cornerstone of effective patient care and provider profitability. Unifying healthcare’s clinical and business facets via a fully integrated RCM solution allows medical professionals to provide the best patient experience possible while simultaneously optimizing the revenue stream. One key to unlocking the potential of your revenue cycle is RCM …

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Better Data, Better Decisions: Key Medical RCM Metrics

Posted in Revenue Cycle Management (RCM)

When leveraged correctly, big data can provide invaluable insights into virtually every aspect of a healthcare organization’s operations, including its revenue cycle. Once this data is collected, it can be parsed and analyzed — or data mined — to yield profitable results ranging from streamlined workflow to increased profitability to improved patient experience. But data …

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Filter Dirty Data From Your RCM System for Clean Claims

Posted in Data Analytics, Revenue Cycle Management (RCM)

Dirty data is a barbed thorn in the side of many healthcare organizations. Inaccurate or incomplete data can create an array of problems during the revenue cycle management (RCM) process. To avoid these issues, providers must purge dirty data from their RCM systems. This may sound easy enough, but unfortunately it’s often easier said than …

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The Suite Life: Benefits of an End-to-End RCM Solution

Posted in Revenue Cycle Management (RCM)

A well-structured revenue cycle is vital to a healthcare organization’s survival. An ineffective revenue cycle management (RCM) strategy will hinder a provider’s profitability and negatively impact the patient experience. These issues are compounded by the ever-shrinking margins with which healthcare providers must contend. Many healthcare organizations are ditching their disjointed revenue cycle programs for end-to-end …

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Why People Are Still Important to Automated RCM

Posted in Revenue Cycle Management (RCM)

The healthcare industry is experiencing a massive cultural shift. Organizations across the globe are transitioning away from outdated legacy systems and are upgrading to cutting-edge automated revenue cycle management (RCM) solutions. These technologies promise to improve the patient care experience, increase the efficiency of key billing processes, and streamline the entire revenue cycle. Despite the …

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How Increasing Patient Volumes and Expanded Outsourcing Services Are Fueling RCM Market Growth

Posted in Revenue Cycle Management (RCM)

Over the last few years, the global revenue cycle management market has grown substantially, creating new opportunities at every turn. Revenue cycle management (RCM) encompasses the various components of the financial process for patients receiving medical care. RCM technology tracks every aspect of the patient care episode, from the moment they check in to when …

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Revenue Cycle Management Measures to Increase Productivity

Posted in GeBBS Healthcare Solutions, Inc., Revenue Cycle Management (RCM)

Due to the complexity of the modern medical system, quality revenue cycle management (RCM) technologies are essential to the financial success of healthcare organizations. While these RCM solutions are quickly becoming the norm, many providers are still not fully measuring important aspects of the revenue cycle management process. Instead, they rely on generic quota-based metrics …

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