3 Strategies to Improve Healthcare Revenue Cycle Management

3 Strategies to Improve Healthcare Revenue Cycle Management

Gone are the days when revenue cycle management was simply about collecting payments from patients. Rather, it is now an essential tool in any healthcare organization’s marketing strategy to amplify all sources of revenue. Among these sources are private medical insurance, government funding (Medicare, Medicaid, CHIP, and military health insurance programs), and patient out-of-pocket payments. A few private hospitals and clinics are also able to […]

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Understanding Healthcare Reimbursement with the Revenue Cycle Management (RCM) Cycle

Understanding Healthcare Reimbursement with the Revenue Cycle Management (RCM) Cycle

If you work for a hospital or health system, you’ve likely heard the term healthcare revenue cycle used around your place of employment. But what exactly is this process? And why do hospitals need to track all administrative and clinical data? In an era of increased complexity within the healthcare industry, it is vital to have a better understanding of the healthcare revenue cycle management […]

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