Many hospitals are implementing patient engagement strategies to help improve care outcomes and engaging financially with patients can also yield significant benefits for patients and providers. Financial patient engagement includes educating and communicating with patients at every point in the revenue cycle – pre-service, point of service and post-service – to facilitate higher collections and help improve patient satisfaction. Because these points in the revenue cycle stretch across many departments such as patient access, financial services, call centers and third-party collection agencies, a single, integrated solution that connects all parties involved and provides comprehensive data is critical.
Consumers have increasingly become more educated about their healthcare choices and economically vigilant about the costs.
In a HealthLeaders Media podcast, David Dyke, Vice President of Revenue Cycle Systems for RelayHealth, explains that when healthcare systems capitalize on patients' expectations, balance sheets and improve patient satisfaction scores.
Often, a hospital’s revenue cycle is comprised of several departments that are managed and monitored separately. The lack of visibility of overall performance can impact cash flow and the patient experience. RelayHealth financial solutions offer a panoramic view of the revenue cycle while also providing the ability to drill down for microscopic focus on certain challenges. Using analytics to identify and prioritize improvement opportunities, financial executives can then implement RelayHealth’s other revenue cycle solutions to help solve problems and improve financial outcomes.
Published By: Allscripts
Published Date: Jun 05, 2013
This paper examines these technologies in the context of a four step process that many successful practices are using to optimize their revenue cycles. The “Four Steps to Transformation” methodology represents the distillation of best practices from thousands of medical groups across the United States who leverage technology to improve their bottom lines.
Published By: VersaSuite
Published Date: Aug 13, 2013
Healthcare providers do not have to live with functionality interruptions and budget strains created by an EHR that does not fit the facility. VersaSuite delivers a customizable EHR/HIS system to streamline the entire range of healthcare business processes.
Published By: Rackspace
Published Date: Apr 15, 2019
Scale events — like online sales and digital product launches — present great revenue opportunities, but they also present large risks to your business. Whether you are a retailer preparing for Black Friday and Cyber Monday, or a digital vendor launching a new service, your brand is both at its most visible and its most vulnerable during these scale events. Many more customers visit your site over a short period of time, raising the potential for resource constraints and discovery of software bugs. Information about issues spreads quickly via social media and news outlets. And, your customers typically spend more per transaction, so every lost order has a greater negative impact on your bottom line.
Site reliability engineering (SRE) can help you better prepare for scale events through an iterative cycle of data-driven improvement.
Published By: CareCloud
Published Date: Sep 23, 2014
CareCloud developed this guide to explain how technology turned one practice's profit uncertainty into a happier ending. Find out how.
In this white paper you'll learn how to:
• Earn the greatest potential ROI from your EHR system
• Capture more money through revenue cycle management
• Track profitability easier by focusing on 5 key numbers
Published By: CareCloud
Published Date: Mar 20, 2015
This white paper outlines three key reasons that outsourcing could be the right move for your medical practice. Download to find out more about the potential financial and efficiency gains for your practice.
• How to calculate potential cost savings
• Where up to 65% of practices have a weak revenue cycle spot, according to MGMA
• Why outsourcing before October 2015 makes sense
Bonus: A handy checklist to help you quickly figure out if now is the right time for your practice to outsource.
Published By: nThrive
Published Date: Sep 22, 2017
Claim denials plague health care providers nationwide, siphoning up to 5 percent of patient net revenue per year and causing a cycle of rework on roughly 20 percent of claims. Couple that with the troubling statistic that upwards of 50 percent of denied claims are never worked by hospitals, and the scope of the issue becomes clear: denials management is vital to the financial health of your organization.
Published By: Red Hat
Published Date: Jan 02, 2018
Once upon a time, several generations ago (in technology years), IT departments were internal departments, focused on maintaining infrastructure and services within the company. Some companies may have had external-facing services, particularly web services, but this was still generally a narrow and restricted area. IT wasn’t a revenue-generating or strategic department; it was a supporting environment viewed as a cost center.
One of the outcomes of an infrastructure-focused environment is that developers lost a sense of what their code was doing. Release cycles were long, and changes were slow. A developer would work on something and throw the code into testing or operations, and it would be released months later. Because of that long lead time, engineers lost the joy of being a developer—of creating something and seeing it work in real life.
One of the great, powerful changes with digital transformation and related cultural and technology changes like DevOps is that it reintroduce
Successful order management systems are unique in their ability to create brand loyalty and generate new revenue streams. When executed correctly, they demonstrate a unified commerce approach for sellers that spans all points along a customer’s purchasing lifecycle. Intelligent fulfillment is also essential to organizations selling complex configurable offerings, due to assembly and fulfillment workflows that may span multiple facilities and planning systems.
This guide outlines the five most important marketing metrics every B2B marketer should focus on, to achieve maximum ROI from Marketing Automation software, in addition to optimizing their lead management process
Published By: Seismic
Published Date: May 14, 2019
"Sales leaders are constantly on the lookout for new ways to improve processes, motivate their teams, unlock efficiencies, and ultimately close more deals.
Making that quest more difficult? There are a million ways to measure an organization’s overall achievement of those goals. To maximize revenue growth, 3 strategic imperatives are usually:
? Shortening the sales cycle
? Reducing the cost of customer acquisition
? Increasing the lifetime value of the customer
Download the guide to learn the 12 major KPIs (key performance indicators) that sales teams should use to measure effectiveness and efficiency with the goal of driving sales success.
Published By: CareCloud
Published Date: Oct 25, 2013
In this white paper, you'll learn about:
• Gauging the success of your revenue cycle management processes
• Uncovering factors that hurt your practice’s finances
• Ensuring your practice is securing reimbursements in a timely manner
• Identifying missed revenue opportunities
• Finding areas where your practice could yield higher returns, and more.
Published By: CareCloud
Published Date: Jan 21, 2015
Watch this free webinar to hear how one general surgery practice increased billing by 11%, boosted revenue by 6% and streamlined productivity in just six months with its new practice management and EHR system.
In this recorded webinar you will learn more about:
•The biggest challenges to improving profitability and how to overcome them
•How to increase productivity with your EHR
•What the practice would have done differently—and how you can benefit from their experience
•How to use your PM to improve profitability, productivity and more…
Fill out the form on the right to begin watching this webinar right away!
In the digital economy, application programming interfaces
(APIs) are essential for executing ideas quickly and seizing new
business opportunities. They are the building blocks of digital
transformation, enabling organizations to deliver exceptional
customer experiences, create new revenue streams and connect
employees, partners, apps and devices to data—anytime,
APIs are not necessarily a new technology, but in today’s digital
world, they have risen in prominence and become important
to every facet of the enterprise. This in turn has increased the
demand for effective API management. But what does an effective solution look like?
The API Management Playbook will help you understand:
• Why digital transformation is crucial in the application economy
• How APIs are the building blocks of digital transformation
• Which key stakeholders in your organization are impacted by APIs
• What the API lifecycle is and how it relates to API management
Chart your course to higher revenue with ABM.
Fierce competition, complex B2B sales cycles, and limited budgets force you to make the most of every marketing dollar. Learn how to get started with account-based marketing (ABM), so you can drive pipeline, conversions, and revenue.