7 best practices to master the revenue cycle

Becker's Healthcare November 7, 2019
In collaboration with Phreesia

Over the past 10 years, patient responsibility for healthcare costs has increased dramatically. Even if healthcare providers get a great allowable from insurers, they still need to collect patient payments. The patient as the payer is a growing trend that will continue to challenge healthcare organizations’ traditional revenue cycle management.

At Becker’s 5^th Annual Health IT + Revenue Cycle Conference in Chicago, Phreesia sponsored a workshop focused on revenue cycle optimization. Elizabeth Woodcock, MBA, FACMPE, CPC, founder and principal of Woodcock & Associates, discussed how to implement best practices within revenue cycle management while delivering a positive patient experience.

The cost of the revenue cycle is increasing

The cost of collecting payment has grown significantly in the last decade. Research...

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