Tag: RCM Challenges

Navigating RCM Challenges for Financial Success

Code Blue or Cash Flow? Mastering Today’s Revenue Cycle Challenges

RCM Challenges :  Today’s fast-paced healthcare industry, where rules are always changing and technology is advancing at breakneck speed, can make it challenging to navigate the complexities of medical billing, coding, and revenue cycle management (RCM). In addition to maximizing cash flow and protecting your practice’s financial health, there is also the constant risk of […]
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Navigating Denial Management Challenges in Revenue Cycle Management

In the intricate realm of healthcare revenue cycle management (RCM), the substantial challenge revolves around handling denied claims. Scarcity of resources, understaffing, and restricted capacity frequently lead to difficulties in resolving denied claims, where an alarming 82% to 90% are considered potentially preventable. RCM teams can optimize time and revenue recovery by employing proactive strategies […]
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Healthcare Revenue Cycle Management
  • September 8, 2023

How Revenue Cycle Management Improves Healthcare in 2023

Discover how healthcare providers can accelerate cash flow, minimize denials, reduce operational costs, and enhance patient satisfaction through streamlined Revenue Cycle Management (RCM). RCM is a strategic approach to overseeing all financial aspects of a patient’s journey, from initial appointment scheduling to final bill payment. This article highlights the critical role RCM plays in maximizing […]
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RCM Strategies

Strategies for Maximizing Revenue Cycle for Financial Success

Based on a recent survey conducted by MGMA, it was found that 40 percent of medical practices were unsuccessful in attaining their revenue objectives in 2021. The survey participants emphasized various significant obstacles, including insufficient staffing, escalating expenses, and delayed payments from payers. To tackle this widespread revenue shortfall, healthcare providers are urged to prioritize […]
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  • February 4, 2019

Facing The Revenue Cycle’s Biggest Challenges In 2019

Hospital revenue cycle departments have gained greater visibility in recent years as a significant driver of revenue streams. Yet many of these departments continue to face serious challenges in several areas, including workforce, interoperability, and EHR optimization. Taking revenue cycle management to the next level by harnessing technology and data analytics can help hospitals and […]
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