Healthcare providers face a daunting task in managing the complexity of revenue cycle management (RCM) in today’s healthcare environment. One of the key benefits of outsourcing RCM is that it can significantly reduce these administrative burdens. The administrative burdens faced by healthcare organizations often rise as regulations, reimbursement models, and patient expectations change. As a […]
Given labor shortages and financial constraints, fully managed hybrid outsourcing solutions are increasingly gaining prominence. Hospitals and provider organizations grapple with staffing deficiencies across various departments, with the revenue cycle facing considerable strain. A recent survey among medical group leaders highlighted coders as the most challenging role to fill, closely followed by billers, schedulers, authorization […]
Hospitals and health systems are exploring ways to revenue cycle transformation processes to offset financial pressures. However, shifting to a new business model for revenue cycle management can be challenging. The hospital revenue cycle has become increasingly complex in recent years for several reasons, including the shift away from fee-for-service medicine, the adoption of advanced […]