HealthTech Magazines October 22, 2021
By Emily Goertz, VP Revenue Cycle, UTMB
We all know that managing the Revenue Cycle is complex. We face new obstacles daily, even without the complexities due to COVID 19. Not only has COVID placed astronomical pressure on Providers to increase cash flow and decrease costs, but the ever-changing requirements and regulations keep us consistently pivoting and jumping through hoops to get paid or even just to be compliant with new regulations.
The pricing transparency rule is one example of a new requirement placed on Providers that was effective since January 1, 2021. Generally, transparency in healthcare pricing has long been sought after but has remained difficult to achieve. Simply put, pricing transparency is a mechanism to assist patients...