This infographic provides an illustration through the current manual process of the up front process of revenue cycle versus the automation process path. Through the journey you are able to visualize the reduction in manual labor to your current manual process to see the impact it would make on your staff, the improvement in price transparency to patients, and increasing collections at the point of service. Leverage price transparency at the point of service to improve the patient experience. Leverage collection opportunities at the point of service Reduce manual labor on administrative paperwork Focus on the work that matters, providing… Read entire article here
March 12, 2022
The Twin Challenges of Claim Denials and Prior Authorizations
Revenue cycle departments at diagnostics labs face some really daunting challenges when it comes to managing patient co-pays and billing. We wanted to get a better understanding for the pain points that they face on a day-to-day basis, so we commissioned a market research firm to conduct a series of interviews with revenue cycle executives from across a spectrum of lab services types. This is the second in a series of five blog posts that will reveal the findings from these interviews. To read the first installment, click here. You can also download the full report. Claim Denials For diagnostics… Read entire article here
February 22, 2022
The 21st Century Cures Act and its Impact on Healthcare IT
The 21st Century Cures Act and its Impact on Health IT Some important healthcare legislation was passed early last week that you might have missed, but which has even more relevance given the significant care coordination challenges in dealing with the COVID-19 outbreak, testing, and quarantine requirements. The Office of the National Coordinator for Health Information Technology (ONC) passed the Cures Act Final Rule, which is designed to provide patients and providers secure access to health information. Meanwhile, the Centers for Medicare & Medicaid Services (CMS) passed the CMS Interoperability and Patient Access Final Rule, which is designed to provide… Read entire article here
February 21, 2022
The Future of Revenue Cycle Management: Intelligent Process Automation
Healthcare organizations face mounting challenges in their battle to control costs and deliver quality patient care. Revenue Cycle Management (RCM) continues to be one of the most daunting obstacles to realizing efficiencies without compromising care. Fragmented processes, disjointed data sources and increasing regulatory policies all add layer of complexity and costs in an area of healthcare that touches every player including the patient. Intelligent Process Automation (IPA) is emerging as one of the most transformational technologies that can help healthcare providers by automating many of their labor intensive, costly, and error prone tasks. IPA has the potential to free up… Read entire article here
