Revenue Cycle Management

AccessOne CEO Mark Spinner says as health systems face revenue cycle challenges due to COVID-19, delivering "patient-friendly" payment options is one key to maintaining margins.

As part of the new Patient Experience Digital Series, two clinicians explain how a virtual care model is helping more compassionately treat patients in their home communities while improving the provider experience.

For one health system, robotic process automation equates to about 27,000 hours in a month saved, which correlates to around $500,000.

When health systems have their staff manage revenue cycles, up to 25% of the day can be spent on repetitive tasks related to the revenue process.

CentraCare Health improved point of service collections by 25% by giving patients options and helping them understand their out-of-pocket costs, says Sheri Liebl, the healthcare system's executive director of revenue cycle.

RWJBarnabas is partnering with St. Peter's and will announce a definitive agreement to acquire Trinitas Regional Medical Center. 

The American Telemedicine Association's comments focused on expanding telehealth access, changes to remote monitoring services, and the provision of telehealth in federally qualified health centers and rural health clinics.  

When organizations automate their revenue cycle, they can improve their bottom line while freeing up resources to spend on value-enhancing tasks.

Moody's warns of challenges ahead, due in part to the repayment of Medicare advances, which could lead to less favorable liquidity.

The collaboration with Health Care Service Corporation, billed as Epic's first such project with a payer organization, will help health plans more easily review data for managing claims and prior authorization.