Revenue Cycle Management
Three big factors that attract new hires: growth opportunity, a healthy work-life balance and access to modern technologies like social media.
Workable payment plans can't be too burdensome and should take into account FICO score, 90-day payment history and any residual or related income individuals earn.
Healthcare organizations that use multiple RCM systems have higher rates of denials and big difficulties gathering and normalizing data, according to a new HIMSS Analytics report.
New technology allows providers to readily access meaningful data no matter where it lives in the revenue cycle arrives as hospitals are poised to invest heavily in rev cycle tools.
The Michigan health system, one of the largest in the U.S., says it wants to roll out a single, enterprise platform to deliver "people-centered care."
The firm pointed to strain of expenses and stalled revenue growth as the core reasons.
The deal was first announced last month. Financial terms were not disclosed.
Despite favorable conditions, hospitals must shore up efficiencies, distinguish themselves from competitors, and learn to 'make it on Medicare payments,' experts say.
The shift from fee-for-service to value-based care means providers are facing new challenges. A rev cycle executive offers advice about tightening processes to overcome those.
CHS, already facing financial troubles, has been accused of breaching contractual obligations with the tech giant, by continuing the use of Microsoft products at some of its recently sold hospitals.