Revenue Cycle Management

Declining margins and growing demands are forcing hospitals to rethink their rev cycle for the era of value-based care and patient experience.

Key pieces to patient-centered care include revenue cycle management, patient and physician engagement, business intelligence and analytics, pop health and a clinically oriented supply chain, says KLAS VP of Business Development Doug Tolley.

Atul Gawande says the company he'll head wants to "change the way people experience health care so that it is simpler, better, and lower cost."

The health system is keeping up with CMS mandates for price transparency, requirements that will only grow over time, senior Finance VP says.

A third of respondents also said growing healthcare costs impact their ability to seek care, study says.

Leah Dixon from CHRISTUS Trinity Mother Frances told her HIMSS19 audience technology, physician champions and a meaningful dashboard are all part of the equation.

Revenue Cycle Solutions Summit keynote speaker Karl West warned that revenue cycle is an important target for cybercriminals because of the information that flows through it.

TPL reimbursements can recoup as much as 100 percent of charges levied, double commercial rates and more than triple governmental plan rates.

Growth is being driven largely by the use of these solutions to reduce healthcare costs, decrease billing and coding errors and maintain compliance.

Don't tell consumers how great you are. Target their needs using tech and social media instead.