Why RCM Companies Are Modernizing Their Environments
HealthTech December 2, 2024
Advanced revenue cycle management helps healthcare providers navigate complexities and regain control of financial operations.
Among the changes the COVID-19 pandemic has brought to healthcare, one of the most concerning is an increase in claims management difficulties.
According to Experian Health’s 2024 State of Claims survey, 77% of healthcare finance and operations decision-makers say payer policy changes occur more frequently, and 73% say claim denials are increasing (up more than 10 and 30 percentage points, respectively, since 2022). Claim errors and reimbursement times are also growing. While multiple factors are at play, the survey found that two of the biggest are a lack of automation and insufficient data analytics.
In the complex landscape of U.S. healthcare, revenue cycle management solutions...