Peter Angerhofer, a principal at Colburn Hill Group, an RCM operational solutions firm: Most problems will only get worse and require more time/effort/resources to fix as they progress through your collection process. For example, getting an authorization right at registration might be difficult, but asking patient financial services to get a retro-authorization — after a denial — may be impossible.
To learn more about solving common medical practice RCM problems, access this story from Becker’s Hospital Review.
If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the “RCM tip of the day” series.
More articles on healthcare finance:
Nashville safety-net hospital needs $16M infusion after collections fall short
Healthcare RCM company to close, lay off 179 employees
OIG: NorthShore University HealthSystem received $4.1M in Medicare overpayments
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
