National Healthcare Spending in the U.S. Was Nearly $5 Trillion (with a “T”) in 2023 – New...
Health Populi December 18, 2024
Nine in Ten Integrated Health Systems’ Outpatient Services Losing Revenue Due to Flawed RCM Systems: Deficiencies Erode Ancillaries’ Financial Performance, Reports Black Book
Newswire November 18, 2024
Integrated Outpatient Facilities Struggle with Inadequate RCM Solutions, Leading to Revenue Loss in Labs, Diagnostic Imaging, Rehabilitation, Home Health and Subacute Care
NASHVILLE, Tenn., November 18, 2024 (Newswire.com) – According to the latest findings from Black Book Research, integrated outpatient centers, encompassing a broad range of services such as labs, diagnostic imaging, physical therapy, home health, chemotherapy infusion, and subacute care, are experiencing significant financial challenges due to flaws in their Revenue Cycle Management (RCM) systems. The survey, which involved 772 business office leaders, highlights severe gaps in RCM processes that are leading to higher denial rates, delays in reimbursement, and lost revenue.
Financial Strain Worsens for Integrated Outpatient Centers
“Integrated outpatient centers are vital for delivering efficient,...
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