The Role of Finance, Revenue Cycle in Advancing Health Equity
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
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
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
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...Sponsored by Cerner
Open Revenue Cycle Reveals Opportunities for Patients, Providers
At this point, it’s likely not a surprising statement to say that implementing innovative technology is a key element of growth. But the impact that innovative technology can have should not be...How Nebraska Medicine Turns Claims Data into Revenue Cycle Strategy
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
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
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
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
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
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
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,...Sponsored by Cerner
Why Health Systems Should Adopt a Clinically Driven Revenue Cycle
Revenue cycle has always been a clinically driven function. Without clinical care, healthcare organizations would not have claims to bill. Relying on clinical documentation to create and complete a...Sponsored by Medusind
Will COVID-19 Have a Lasting Effect on RCM Workflows?
COVID-19 fundamentally changed the business of healthcare, prompting some practices to rethink RCM workflow and vendor strategy. Billing departments that normally worked under the same roof suddenly...RCM Vendors Scooping Up Patient Payment Companies
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
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
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
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...Sponsored by Ontario Systems