Revenue Cycle Management

The Role of Finance, Revenue Cycle in Advancing Health Equity

by Jacqueline LaPointe

2020 was a pivotal year for healthcare. Not only did the industry face the worst public health crisis in modern history, but it, like the country at large, also came up against a historic social movement spurred by the death of George...

Hospital Revenue Cycle Transformation Needed to Boost Performance

by Jacqueline LaPointe

Hospital revenue cycle transformation is needed to elevate poor enterprise performance as a result of the COVID-19 pandemic, experts from healthcare management consulting firm Kaufman Hall reveal in a...

Cerner’s Next Step With Revenue Cycle Management Technology

by Jacqueline LaPointe

Health IT powerhouse Cerner has been on working on revenue cycle management technology. The company perhaps best known for its EHR systems has been collecting client feedback and testing various...

As Revenue Cycle Management Expands, Automation Is Key

by Jacqueline LaPointe

In its simplest form, revenue cycle management is the process healthcare providers use to ask for, track, and collect revenue for services rendered to patients. But as medical billing gets more...

How Nebraska Medicine Turns Claims Data into Revenue Cycle Strategy

by Jacqueline LaPointe

Healthcare providers and payers send millions of business transactions a day. These transactions ensure providers get paid for delivering care to patients, but they also create a treasure trove of data...

Healthcare Bankruptcies on the Decline Despite Ongoing Pandemic

by Jacqueline LaPointe

Healthcare bankruptcies made an unprecedented decline this past quarter despite ongoing operational and financial pressures from the ongoing COVID-19 pandemic, according to a new report. What is...

COVID-19 Hospitalizations to Negatively Impact Hospital Margins

by Jacqueline LaPointe

Hospital margins are likely to fall in areas experiencing rising COVID-19 hospitalizations, according to the latest predictions from Fitch Ratings. The squeeze on hospital margins will impact...

Hospital Revenue Cycle Automation Adoption Sees 12% Increase

by Victoria Bailey

The number of health systems using revenue cycle automation has increased by 12 percent since last year, according to a survey commissioned by AKASA. The survey results included data from nearly 400...

What Revenue Cycle Can Do to Prepare for Surprise Billing Compliance

by Jacqueline LaPointe

A prohibition on surprise billing is coming at the start of next year and federal agencies have started to release what surprise billing compliance will look like. These new compliance requirements...

Hospital Operating Margins Remain Tight as COVID-19 Expenses Rise

by Jill McKeon

Key performance metrics and revenue continue to improve as health systems slowly recover from pandemic losses, but hospital operating margins remain tight, Kaufman Hall’s most recent National...

3M and Waystar Partner to Create Hospital Revenue Cycle Solution

by Jill McKeon

3M and Waystar announced a strategic partnership to deliver an artificial intelligence-powered hospital revenue cycle solution aimed at improving efficiency with reimbursements and compliance,...

RCM Vendors Scooping Up Patient Payment Companies

by Jacqueline LaPointe

Revenue cycle management (RCM) vendor Waystar recently announced that it plans to acquire Patientco, in the latest deal between an RCM vendor and a patient payment company. Waystar, which offers...

Revenue Cycle KPIs Are Evolving as Automation Takes Hold

by Jill McKeon

The top revenue cycle key performance indicators (KPIs) are evolving as more organizations use automation to pinpoint high value operations to improve revenue cycle management, according to an AKASA...

3 Strategies for Revenue Cycle Management Optimization

by Jacqueline LaPointe

Revenue cycle management optimization is a top priority for financial leaders coming out of the COVID-19 pandemic. Last year, healthcare organizations faced significant revenue and volume losses all...

Staff Shadowing Negatively Affects Revenue Cycle Productivity

by Victoria Bailey

More than half of health systems found staff shadowing to be disruptive and to have negative effects on revenue cycle productivity, according to a national survey. The survey, commissioned by AKASA...

Price, Reputation Turn Away Revenue Cycle Outsourcing Customers

by Jacqueline LaPointe

Price tag and vendor reputation are among the top reasons why some revenue cycle outsourcing customers did not select a particular firm, according to a new KLAS report. The report explores market...