Revenue Cycle Management

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...

Mid-Revenue Cycle Management Market to be Worth $4.55B by 2027

by Jill McKeon

The mid-revenue cycle management and clinical documentation improvement (CDI) market is expected to be worth $4.55 billion by 2027, according to a recent report by Meticulous Market...

COVID-19 Recovery Requires Staffing Stability, Patient Engagement

by Hannah Nelson

As healthcare organizations recover from the significant strain of COVID-19, a Medical Group Management Association (MGMA) special report outlines healthcare leader insight on how practices can rebuild...

75% of Health Systems Deployed RCM Technology During Pandemic

by Jacqueline LaPointe

About three-quarters of hospitals and health systems in the US deployed revenue cycle management (RCM) technology or underwent active technology deployments during the COVID-19 pandemic, according to a...

Narrow Margins, Low Patient Volumes Beleaguer Hospital Revenue

by Hannah Nelson

Narrow margins, high costs, and low patient volumes have contributed to ongoing revenue uncertainty for hospitals and physicians, according to new reports from the healthcare consulting firm Kaufman...

Nurses Say Supply Chain Problems Impact Safety, Hospital Margins

by Hannah Nelson

Nurses face significant supply chain management problems that affect efficiency, patient safety, and hospital margins, according to the annual marketing report from Syft. These findings are based on a...

3 Trends That Will Drive Healthcare Revenue in the Future

by Jacqueline LaPointe

Healthcare spending is unlikely to continue on its upward trajectory in light of emerging technologies, the ability to cure and prevent disease, and engaged healthcare consumers. But this will have a...

Claim Automation Up, But $16.3B Remains in Potential Savings

by Jacqueline LaPointe

Levels of claim automation have risen in healthcare over the past year, but so has the opportunity for further savings through technology, the Council for Affordable Quality Healthcare, Inc. (CAQH)...

KLAS: Epic, MEDITECH Continue to Lead Patient Accounting Solutions

by Jacqueline LaPointe

Market research firm KLAS has identified Epic, MEDITECH, and other vendors as having the best finance and revenue cycle management solutions in 2021. Health IT giant Epic took the top spot for patient...

Scale, Efficiency Key to Provider Success in 2021 and Beyond

by Jacqueline LaPointe

The COVID-19 pandemic has permanently changed the healthcare business model, causing providers to rely more on scale and efficiency to maintain financial stability in 2021 and beyond. At least those...

30% of Hospitals Use Two or More Revenue Cycle Management Vendors

by Jacqueline LaPointe

Many hospitals and health systems are relying on a multitude of vendors to automate various aspects of revenue cycle management, according to a new survey. Approximately 30 percent of healthcare...

Will Hospital Patient Visits Return to Normal in 2021?

by Jacqueline LaPointe

Hospitals still have some time before they recover from historic patient visit reductions during the COVID-19 pandemic in 2020, according to a new analysis. Hospital patient visits are unlikely to...

Rolling Forecasts, Budget Flexibility Key 2021 Health Finance Trends

by Hannah Nelson

After COVID-19 disrupted the healthcare system last year, finance teams adjusted processes to provide budget flexibility and rolling forecasts and will continue to do so in 2021, according to Syntellis...

How Time-Driven Costing in Healthcare Boosts Staffing, Revenue Cycle

by Jacqueline LaPointe

As people sweep up the confetti and put long-stemmed glasses back in the cabinet after New Year’s Eve, many emergency department providers are coming home after a busy night. The hours between...

KLAS: Epic, MEDITECH Lead Patient Accounting Vendors

by Jacqueline LaPointe

In terms of overall performance, healthcare providers ranked Epic and MEDITECH as the top patient accounting system vendors, according to a recent KLAS report. Patient accounting systems are critical...

Independent Medical Groups Increased Profit Per Provider in 2019

by Jacqueline LaPointe

Medical group financial performance generally improved before COVID-19 hit, with independent medical groups generating a profit that year, according to a new report. The newly released 2020 Medical...