Revenue Cycle Management
The majority of bad debt now is associated with patients with insurance, contributing to the net revenue challenge for hospitals.
The pediatric hospital stayed the course and followed a strategic plan implemented just as COVID-19 took hold.
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Here are some tips for your next optimization, starting with identifying KPIs to creating an ongoing optimization culture.
<p><span style="font-size:14.666666984558105px; text-align:start"><span style="color:#000000"><span style="font-family:Calibri, sans-serif"><span style="font-style:normal"><span style="font-weight:normal"><span style="white-space:normal"><span style="text-decoration:none"><span style="display:inline !important"><span style="float:none">nThrive president and CEO Hemant Goel gives tips for CFOs and RCM executives looking to make a change in end-to-end RCM.</span></span></span></span></span></span></span></span></span><br style="color:#000000; font-family:Calibri, sans-serif; font-size:14.666666984558105px; font-style:normal; font-weight:normal; text-align:start; white-space:normal; text-decoration:none" /><br />
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The specialized software company will initially concentrate on no-show appointments.
The revenue cycle automation enabled Baptist Health Care to quadruple the number of diagnostic appointments made online.
The financing option integrates care delivery with revenue cycle management, VP says.
To reduce care variation, SSM and Optum will use clinical technologies, advanced analytic and data-driven insights at the point of care.
The automation is expected to improve reimbursement for 3M's 6,000 client health systems and hospitals nationwide.