Manage healthcare finance more accurately with revenue cycle management
They’re far from new, but revenue cycle management systems—applications that aim to shorten the time between providing and collecting payment for services—are under new consideration because of three health IT trends: EHR implementations, accountable care, and ICD-10. That’s great news for healthcare officials—and the bottom line.
This three-part guide explains how revenue cycle management systems are becoming a valuable tool for accounts receivables departments everywhere. First, healthcare IT consultant Reda Chouffani discusses what he calls “a new breed” of RCM software applications. These apps aim to assist independent physicians, specifically.
Next, IT journalist Caron Carlson explains why linking revenue cycle management systems to clinical applications mean greater efficiency and better financial results for healthcare providers. Also, Carlson walks through the relationship between revenue cycle data and clinical applications—such as practice management and EHR systems.
Chouffani closes with a list of considerations for providers forced to operate an EHR patient scheduling system—while the majority of patient data remains in legacy applications.