RevCycle Blog
Patient Access: The Unheralded Lynchpin of the Patient Experience
Patient access is a term that is both very prevalent and not well defined. RevCycle's perspective is that patient access is any avenue the patient uses to attain some aspect of their healthcare; be it appointment scheduling, bill estimates and financial options,...
The Measure of Success: How to Determine the Effectiveness of RCM Service Providers
Rising costs and increasing burdens on staff make revenue cycle management (RCM) outsourcing not just smart, but a growing necessity. But with razor-thin margins, there isn't room in the budget for vendor partnerships that don't generate ROI. That's especially true...
How to Measure the Benefits of Patient Friendly Billing Statements
We've written often on this blog about the benefits of patient friendly billing, including prompt payments, reduced cost to collect, and greater patient satisfaction. But how can you measure these benefits? How can you properly attribute improved financial...
EHR System Conversions: Why You Should Outsource Legacy Inventory
Electronic Health Records (EHR) system conversions affect all healthcare providers, from small practices to the largest hospitals. On average, hospitals must update their systems every 10 years in order to comply with evolving regulatory requirements, improve...
How to Help Your Staff Communicate Confidently About Payment in Difficult Times
As the effects of the COVID-19 pandemic continue to grip the country, the stakes have never been higher for the healthcare industry. The way providers address—or don't address—healthcare costs with patients is critical. It's not hard to understand why staff may want...
RevCycle COVID-19 Information & Response
Updated March 31, 2020 Like all of you, we here at RevCycle are deeply concerned about the gravity of the COVID-19 (coronavirus) pandemic. We all need to do our part in preventing the spread of the illness, and we thank you in advance for your continued vigilance in...
What Patients Want: Improving and Measuring the Patient Financial Experience
As everyone in healthcare is aware of now, patients are the new payer. They are struggling not only to afford their medical bills, but to plan for or even understand them. Healthcare is increasingly consumeristic, yet the patient financial experience has not kept pace...
Overcoming Negative Experiences with Revenue Cycle Outsourcing
Rising costs and fewer resources in human capital make revenue cycle outsourcing a growing necessity. Outsourcing can be a winning strategy for streamlining operations and boosting revenue through optimized patient balance collections. However, a 2019 report from KLAS...
Patient Friendly Revenue Cycle: Transparency in Billing
"Patient friendly billing" is an oxymoron for most patients. Despite industry-wide efforts, most billing practices are anything but patient friendly. This comes at a time when patients are the fastest-growing payer in healthcare services. The Centers for Medicare...
Suing Patients Over Medical Debt: The Case for and Against Healthcare Collections Litigation
Healthcare collections litigation is increasingly in the news and on the minds of providers and patients alike. With rising costs and more Americans on high-deductible health plans (HDHPs), the patient burden of healthcare has skyrocketed to 40% or more. Uncompensated...
