HealthIT Answers May 17, 2024
By Katie Brenneman, Writer, Researcher
Healthcare is a field that survives on evolving along with society. Whether it’s innovations in life-saving technology or fluctuations in revenue generation, professionals in the health industry must keep abreast of these changes and adapt accordingly. Revenue cycle management (RCM) plays an important part in this flexibility and can ensure financial stability for healthcare providers and organizations.
From patient registration to claims processing, each step impacts the bottom line. However, complex setbacks can occur and make RCM difficult. Luckily, health IT solutions can help facilitate RCM and mitigate some of these challenges.
Common Challenges in Healthcare Facility Financial Operations
RCM is a critical aspect of financial operations in healthcare facilities. It encompasses a series of...
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