By Noel Felipe – With high labor costs, low margins and claims denial rates averaging almost 15%, according to the American Hospital Association, providers need new approaches to effective revenue cycle management. Automation and AI tools can increase productivity, reduce the cost to collect and accelerate revenues.
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By Richa Jain – While it is clear that technology is opening new horizons for medical practices, we can’t ignore the fact that healthcare RCM is one sprawling operation; it encompasses processes starting from patient registration to collections and needs a tech overhaul.
By Richa Jain – Looking at the massive amounts of complex financial processes, the need for an efficient and more patient-centric system cannot be denied. But what does the future have for RCM? Do you know how several innovations are driving this change?
An Inovalon research study conducted among over 400 healthcare leaders and professionals revealed a variety of perspectives on using artificial intelligence (AI) in the healthcare revenue cycle. Download the study.
By Katie Brenneman – Healthcare is a field that survives on evolving along with society. Whether it’s innovations in life-saving technology or fluctuations in revenue generation, professionals in the health industry must keep abreast of these changes and adapt accordingly.
By Uday Birajdar – Automated Revenue Cycle Management is gaining traction in healthcare, revolutionizing complex billing processes. By harnessing the Intelligent Automation solution, healthcare providers can ensure high precision, significantly reduce errors and empower staff to concentrate on higher-priority responsibilities.
By D’Arcy Gue – No, there is no Meaningful Use for behavioral health hospitals, and yes, some mental health clinicians remain skeptical about the proposed value of EHRs.
Extending our “Answers” concept, HITECH Answers has officially launched RCM Answers, our latest community hub site dedicated to educating healthcare providers and other stakeholders on issues impacting revenue cycle management.
On our MGMA 14 interview with the CEO of Navicure, Jim Denny talks about how forward-thinking medical practices are handling the rise in patient responsibility due to higher deductibles and co-pays. He also talks about the lack of progress made in transitioning to ICD-10.