Healthcare Innovation November 25, 2020
Just like the DIY project, the days of internally building and managing RCM are mainly fading
The “do it yourself” (DIY) phenomenon may work for home repair and improvement, but it doesn’t work anymore for revenue cycle management. The amount of knowledge required and the cost of tools and technology has become so excessive that small and mid-size hospitals and health systems are realizing that building their own revenue cycle management approach is as challenging as setting up their smart house to turn on lights, start the oven and even feed the dogs.
Optimization of financial performance – two options As regulations and requirements increase and the pressure and urgency to optimize financial performance (especially in light of the...
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