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Automated Revenue Cycle Management: Improving Financial Performance in Uncertain Times
With healthcare budget cuts, shifting payer markets, and new payment models, organizations are in a race against time to deliver efficient financial operations in order to stay on top of the competition. Failure to proactively manage finances from when a patient makes an appointment to the time the bill is settled can lead to dismal profitability.
However, while there are available revenue cycle management (RCM) automation tools that can help resolve these inefficiencies, only 39% of hospitals use it for pre-authorization, and only 36% for bill estimation.
This valuable resource highlights the benefits of pairing RCM with automation features. Topics covered include:
- Case studies following 3 organizations who achieved significant financial results with automated RCM
- 4 features that lead to RCM success
- Top 4 automation best practices for RCM
- And much more.