No More DIY Approaches to Revenue Cycle Management

As regulations and requirements increase and the pressure and urgency to optimize financial performance (especially in light of the revenue lost due to the COVID-19 pandemic), the C-suite recognizes RCM can no longer succeed without focused strategic attention and intention.

Provider organizations have two options. One is to build a staff exclusively focused on RCM. That means hiring people, training them, paying salary and benefits, finding space for them, giving them the proper equipment and technology, etc., at a time when many hospitals and health systems are already struggling to remain financially viable.

The second option is to acquire these capabilities by working with a managed services partner that already has proven expertise, processes, trained personnel, technology, and best practices, etc., in RCM.