HIT Consultant December 20, 2024
What You Should Know:
– The KLAS Revenue Cycle Management Summit 2024 brought together 117 revenue cycle management (RCM) leaders to address pressing challenges, explore emerging technologies, and enhance cybersecurity in healthcare.
The KLAS Revenue Cycle Management Summit provided healthcare leaders navigating the evolving RCM landscape with practical solutions and best practices for optimizing revenue cycle operations.
Top RCM Challenges and Solutions
Summit attendees identified several critical challenges impacting RCM, including:
- Denials Management and Prevention: Rising denial volumes, particularly from preventable denials, and longer processing times are straining resources and impacting revenue.
- Automation and Work Prioritization: Effectively leveraging technology and prioritizing tasks amidst increasing claim volumes and evolving regulations is crucial.
- Staffing Challenges: Finding, retaining, and engaging...
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