Nearly overnight, healthcare providers were thrust into new ways of working – such as virtual care, digital platforms, and stringent regulations. Already facing revenue leakage from errors in payments, claims processing and reimbursement; labor shortage; volumes of data; and disparate systems, they have a raft of challenges to overcome.
Revenue Cycle Management (RCM) is an opportunity to rein in costs while delegating crucial talent to profit-driven, value-based care. Healthcare organizations are increasingly leveraging data and technology in their revenue cycle operations to drive greater overall performance.