RCM tip of the day: Revenue leakage can occur throughout the care continuum

Data analytics plays a crucial role in helping to single out and stop revenue leakage, according to Tom Schaal, director of product management at Emeryville, Calif.-based MedeAnalytics.

Mr. Schaal shared the following tip with Becker's Hospital Review.

"From check-in to the insurance verification to billing, data analytics can help you identify where the biggest opportunity for improvement lies. Are patient no-shows causing you to lose money? Data analytics spots these trends and help you course correct the problem (i.e. set up appointment reminders for patients)."

Read more about data analytics and the revenue cycle here.

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.

 

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