Measuring Key Performance Indicators (KPIs) for Successful RCM

Efficient Revenue Cycle Management (RCM) is paramount for healthcare organizations striving to optimize their financial performance. Healthcare executives believe that effective revenue cycle management is “very important” or “extremely important” for their organization’s financial health. This is why according to an HFMA and Eliciting Insights report, 40% of healthcare providers prioritize investing in backend RCM […]

The Future of Medical Billing: Trends and Innovations 

According to research published by the Harbert College of Business, a hospital increased its annual net revenue by $1.73 million on average implementing one additional clinical IT unit and one additional business IT unit. Successful IT implementations have been proven to bring substantial net revenue growth for healthcare providers, and their success involves the adoption of […]

Financial Success in Healthcare: RCM Strategies that Actually Work 

In today’s rapidly evolving healthcare landscape, financial success is a top priority for hospitals, medical practices, and healthcare providers of all sizes. Healthcare organizations need financial resources to cover operating costs, invest in technology and infrastructure, and attract and retain skilled staff. However, the complexities of billing, insurance reimbursement, and regulatory compliance can be overwhelming. […]

Outsourcing a Medical Collections Specialist Can Increase Your Collections by 120%

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One of the critical aspects of maintaining financial health is effective medical collections. According to CFPB research, 58% of people’s credit reports were medical debts. This means that people rampantly have their medical debts higher than student loans, utility, and credit cards. With people becoming more health-conscious in 2024, you can expect an increase in […]