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Automated Revenue Cycle Management: Improving financial performance in uncertain times

White Paper Published By: GE Healthcare
GE Healthcare
Published:  Jun 09, 2014
Type:  White Paper
Length:  10 pages

Healthcare organizations are facing uncertain times, which is putting strains on their revenue cycle management (RCM). Medicare cuts, shifting payer markets and new payment models are straining existing approaches to billing and collections. It is clear that to prosper, organizations must automate their RCM as much as possible. Automation can help lower staff costs, enhance clean claims rates, cut denial rates, improve patient collections and reduce bad debt all contributing to enhanced profitability, improved financial outcomes and, potentially, improved patient satisfaction.