Turning Increased Ambulatory Volumes into Financial Strength: 4 Moves for RCM

The content discusses leveraging increased outpatient volumes to bolster financial viability in ambulatory care. Emphasizing revenue cycle management (RCM), it addresses challenges faced by ambulatory providers, suggesting strategies to optimize patient financial engagement. It highlights tactics such as vendor evaluation for improved cash collections, a digital-first bill notification approach, data-based communication cadence, and self-service account management. These tactics aim to enhance self-pay collections, ultimately bolstering revenue streams and ensuring financial stability in an evolving healthcare landscape driven by increased patient responsibility for care costs and growing outpatient services.