Healthcare IT News December 4, 2024
The Revenue Cycle Management Technology Adoption Model from HFMA and FinThrive generates insights and optimizes technology investments. Kim Waters, an RCM consultant at CereCore, offers a comprehensive look at the tool.
The Revenue Cycle Management Technology Adoption Model (RCMTAM) is a peer-reviewed, five-stage framework from the Healthcare Financial Management Association and FinThrive that assesses operational performance and the maturity of revenue cycle technology within a hospital or health system. This model serves as the industry’s first data-driven benchmarking tool designed to guide revenue management leaders through technology modernization.
It sets new industry metrics and links technology adoption with financial outcomes to help revenue cycle leaders build customizable roadmaps for their organizations.
RCMTAM is vendor- and EHR-agnostic. This ensures healthcare organizations...
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