Revenue Cycle Management

The Yale New Haven Health System has announced plans to automate the extraction of data from invoices throughout its three healthcare delivery networks.

Healthcare in the United States is becoming increasingly unaffordable, and one of the contributing factors may be the high salaries earned by healthcare employees.

A developer of software solutions designed to help hospitals manage their revenue cycle operations is turning its attention to the consumer with the release of a self-service kiosk.

Through focused attention to the revenue cycle, healthcare organizations can add 2 percent to 4 percent to their bottom lines, according to an expert in hospital business planning.

The Baylor Health Care System, based in Dallas, has selected a vendor to manage the automated processing of nearly 300,000 invoices per year across its 12-hospital system.

Jordan Hospital, a not-for-profit hospital in Plymouth, Mass., has installed a new denials management tool and is now using a complete revenue cycle product suite in its business office.

McKesson has added another important piece to the revenue cycle management puzzle for hospitals and other healthcare providers.

Revenue cycle management is one of the largest and most significant healthcare product categories in the age of stimulus fund, pay for performance and self-pay models. Our September 2009 issue provides an overview of the trends and products shaping RCM.

The growing popularity of registration kiosks in hospitals and doctors’ offices has not only made it easier for patients to check in, it has given providers the perfect opportunity to push revenue cycle management tools to the front end.

CIGNA's Cost of Care Estimator and extended weekend and holiday call service hours are now available to almost all 550,000 CIGNA-contracted physicians, hospitals and free-standing clinics.