With incentive payments around Meaningful Use starting to dwindle and challenges to profitability continuing to run full steam ahead, 2015 becomes the essential year to shore up your revenue cycle management.
“With most providers having focused investments on clinical technology to capitalize on meaningful use these past few years, there hasn’t been much cash left over for investments in financial tools,” John Hoyt, Executive VP of HIMSS Analytics, recently told Healthcare IT News.“Frankly, our revenue cycle tools are built for fee-for-service, and they’re probably not ready for the new world” of bundled payments and pay-for-performance.
So making the most of your revenue cycle management or RCM can be complex and challenging. To help you out, we’ve compiled the following key resources:
* “ICD-10 Short-Term Steps for Long-Term Success”: Watch this on-demand webinar. Maintain cash flow and find other survival strategies for the ICD-10 transition.
* Outsourced Billing Checklist: Answer 8 quick questions to rate your current RCM system. Also, learn if the time is right to outsource your medical billing.
* Where Practices Lose Money: Leaks in the Claims Process: Stop losing money at multiple points in your RCM process. This infographic shows you where to target your revenue cycle repairs.
* The 5 Must-Track Metrics for Practice Profitability: Learn the optimal targets for accounts receivable, net collections and more in our free guide.
* Plugging Revenue Cycle Management Leaks at Your Practice: Get tactics to tackle denied claims, underpayments and more from Power Your Practice.
