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...
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...
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...
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...
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...
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...
