Becker's Healthcare September 30, 2024
Here are 10 revenue cycle management updates that Becker’s reported in September:
1. Claims denials continue to torment providers, and the challenge is growing, according to a report from Experian Health.
2. Greenfield, Ind.-based Hancock Health is outsourcing 49 revenue cycle team members to Revology, a revenue cycle management firm, effective Nov. 4, due to increasing difficulties in meeting payer demands.
3. Hospitals desire a digitalized revenue cycle, but challenges persist.
4. CorroHealth finalized its acquisition of revenue cycle management company Xtend Healthcare from Navient.
5. Beth Carlson, WVU Medicine’s vice president of revenue cycle, described the Morgantown, W.Va.-based system’s approach to payer denials with two words “fail fast.”
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