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Alleviating Financial Pressure in the New Normal

Alleviating Financial Pressure in the New Normal

by Nicholas Sachs | Apr 5, 2021 | Revenue Cycle Optimization

It has now been over a year since COVID-19 arrived in the U.S., wreaking havoc on healthcare’s already thin margins while creating new financial pressure. As early as March 2020, hospital revenue streams began taking a huge hit due to the cancellation of elective...
Revenue Cycle Enhancements Through Automation Technology

Revenue Cycle Enhancements Through Automation Technology

by RSM | Jan 20, 2021 | Revenue Cycle Optimization

Automation technology can’t solve everything. But, as an increasing number of healthcare leaders agree, it can improve revenue cycle management (RCM). In a 2020 survey by KLAS and the Center for Connected Medicine (CCM), top health system executives named RCM as...
The Measure of Success: How to Determine the Effectiveness of RCM Service Providers

The Measure of Success: How to Determine the Effectiveness of RCM Service Providers

by RSM | Aug 27, 2020 | Revenue Cycle Optimization

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...
EHR System Conversions: Why You Should Outsource Legacy Inventory

EHR System Conversions: Why You Should Outsource Legacy Inventory

by RSM | Jun 17, 2020 | Revenue Cycle Optimization

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...
Overcoming Negative Experiences with Revenue Cycle Outsourcing

Overcoming Negative Experiences with Revenue Cycle Outsourcing

by RSM | Feb 20, 2020 | Revenue Cycle Optimization

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...
Suing Patients Over Medical Debt: The Case for and Against Healthcare Collections Litigation

Suing Patients Over Medical Debt: The Case for and Against Healthcare Collections Litigation

by RSM | Dec 30, 2019 | Revenue Cycle Optimization

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...
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