Improving Revenue Cycle Can Yield Big Savings for Hospitals

Financial consulting company Revenue Cycle Solutions said hospitals can achieve significant savings by improving coding and billing processes, according to a news release.

Advertisement

Daniel Thiry, managing principal of Revenue Cycle Solutions, said hospitals may miss this opportunity by focusing only on cutting costs.

According to the company, hospitals should start improving their revenue cycle now in preparation for new federal requirements under healthcare reform legislation. 

Read the news release on improving revenue cycle to boost hospitals’ bottom lines.

Related Articles on Revenue Cycle:

HMS to Act as Medicaid RAC for Utah

Survey Shows ICD-10 Staff Training Needed, Though Most Have Not Started

CMS Hires Company for RAC Part D Program

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.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.