Revenue Cycle Management
High-deductible health plans and soaring prices for a new generation of drug therapies making paying for care harder than ever.
The revenue cycle of the future is going to be one with the patient front and center.
Front-end collections are increasingly important, as inpatient volumes have dropped since the recession, losing ground to outpatient procedures.
According to Intermountain CFO Albert Zimmerli, the problem comes down to how well organizations and providers answer these questions for patients: How much does this cost? And how do I find financing?
Jeffery D. Hurst, SVP Finance at Florida Hospital, describes changes in revenue cycle management at his organization, including a new focus on analytics and an emphasis on driving patient engagement.
Speakers tackled topics such as increasing patient communication, finding solutions to improve patient collections and prepping for the big ICD-10 change on Oct. 1.
We asked several experts in the field to highlight key issues affecting a hospital's revenue cycle management and offer some advice to providers on how to improve their operations.
A regional health system in the Pacific Northwest is taking a major step towards price transparency, but there are still caveats for patients managing their own healthcare costs.
Finance VP at Florida Hospital explains how consumer trends are impacting patient engagement efforts.
As clinical and financial lines blur, CFOs need to constantly keep tabs on which ones are integral to maximizing income.