KLAS Rates Provider Credentialing Solution Efficiency
Healthcare organizations have tapped vendors for provider credentialing solutions to increase efficiency, but not all companies are created equal, a new KLAS report suggests. “Credentialing...Revenue Cycle Management Software Investments On The Rise
Healthcare providers are doubling down on software investments and they are putting their money on revenue cycle management solutions to address key challenges, according to a new report from KLAS and...Why Text-to-Pay is a Key Resource in the Patient Collections Toolbox
The revenue cycle management department at MainStreet Family Care in Alabama has a mission, and that is to give patients every opportunity to pay their financial responsibility. “We give the patient every opportunity that we can and...Automating Revenue Cycle Operations Can Reduce Cost-to-Collect
Using automation for revenue cycle operations could lower hospital and health systems’ cost-to-collect by 0.25 percent, according to a survey from the Healthcare Financial Management Association...Sponsored by BridgeMed
How Personalized Payment Plans Improve Patient Collections
Over the last several years, the financial component of healthcare has become just as important, if not more so, as the physical component. Due to the rise of high deductible healthcare plans, the...From Head in the Clouds to On the Ground Cloud-Based Revenue Cycle Management
If you suggested moving healthcare data to the cloud a couple of years ago, healthcare leaders would have told you to get your head out of the clouds. Now, that is precisely where cloud-based health IT systems are being deployed: on the...Revenue Cycle Technology Key to Patient Collections, Experience
Revenue cycle technology is helping Hackensack Meridian Health become a high-performing healthcare organization, especially when it comes to patient collections and financial experience. “We do not want manual processes in the...High Out-of-Pocket Costs Led to Low Patient Collection Rates
Patient collection rates at hospitals declined and bad debt increased when out-of-pocket bills reached $7,500, according to a report from Crowe Revenue Cycle Analytics (Crowe RCA). The report reflects...Medical Billing Outsourcing Market to Grow at 16% CAGR
The medical billing outsourcing market is anticipating historical growth during 2022, with its value expected to grow at a CAGR of 16 percent between 2022 and 2032, according to a recently...How Healthcare Spending, Utilization Varies by Payer, Region
There is substantial variation and low correlation in healthcare spending across Medicare, Medicaid, and private insurance plans within different US regions, a study published in JAMA Network Open...3 Areas That Will Impact Provider Profit Margins Post-COVID
Healthcare providers faced a rough couple of years as the COVID-19 pandemic dampened financial growth, but the post-pandemic future should create a favorable environment for provider profit margins,...22% of Revenue Cycle Leaders Outsource Outpatient RCM Services
Over one in five revenue cycle leaders handle their own inpatient revenue cycle management (RCM) operations but have turned to outsourcing for some ancillary and outpatient RCM processes, according to...Healthcare Revenue Falling Short of 2022 Goals for Many Providers
Most provider organizations are behind their 2022 healthcare revenue goals, according to a recent survey of health system and physician group finance leaders. Revenue cycle management technology...Cerner Patient Accounting Software Receives Mixed Reviews
Customer satisfaction for Cerner’s Soarian Financials patient accounting software is low, with concerns worsening after the announcement of Cerner’s new RevElate product, according to a...Most Hospitals Lack Effective Cost Reduction Programs, Survey Finds
Only 6 percent of hospitals reported that their cost reduction programs were effective, indicating room for improvement in program development, according to a survey conducted by the Healthcare...Healthcare Finance Leaders Facing Revenue Cycle Workforce Shortages
Healthcare finance leaders are experiencing revenue cycle workforce shortages, with one in four reporting that they need to hire more than 20 employees to fully staff their department, according to a...Sponsored by Veradigm
