Today’s Challenges for Revenue Cycle Management in Healthcare SystemsJul 09, 2021 01:03PM ● By Med Magazine
Good revenue cycle management is as essential as it is complex in the healthcare industry. Whether it is a large hospital that has multiple functions/departments within the revenue cycle or a smaller facility, the challenges are the same: ensure revenue is captured and collected while addressing bottlenecks along the way.
All healthcare organizations must keep up with changes in industry rules around clinical documentation coding and billing and d codes, and constant errors can lead to frequent denials and delays. The lost revenue and time spent reconciling issues add up.