Medical Economics January 19, 2022
To improve performance and meet new challenges, healthcare providers need to blend the next generation of Revenue Cycle Management (RCM) with traditional patient care.
The impact of COVID-19 means that it has never been more important for those in healthcare to manage their revenues effectively. As a result of the pandemic and several supplementary factors posed by the market changes, there are increasing pressures on healthcare providers to deliver better customer experiences and for more efficient administration.
This has, in turn, put greater emphasis on the need for Revenue Cycle Management (RCM) systems to enable a healthcare provider to better manage transactions between payer, provider and patients. It can, through the use of various software platforms, boost revenues, reduce denials...