RCM tip of the day: Add claims management technology to your EMR to grow cash flow and reduce AR

Hospitals can achieve greater efficiency in their revenue cycle process by adding claims management technology to their EMR, according to Moliehi Weitnauer, vice president of product management and strategy at Alpharetta, Ga.-based nThrive.

Ms. Weitnauer shared the following tip with Becker's Hospital Review.

"Many healthcare providers have invested significantly in EMR systems, but are frustrated that their systems are not living up to the claims acceptance rates as anticipated. Why not get the most out of your EMR system by embedding claims rules upstream so your errors are resolved faster? It eliminates productivity loss that results from flipping between an EMR and claims systems and streamlines the claims management process that results in increased returns — you get the reimbursement you deserve.

"Boost the power of your EMR system with claims management technology that assures compliance with healthcare rules and edits, and expedites claims quickly and correctly without a huge financial investment. This kind of tool embeds rules upstream and provides you all the information you need in one system to produce clean, accurate claims; the tool will more than pay for itself. One healthcare organization reported that, after adding claims management software to their EMR, they reduced their Medicare accounts receivable days by 13, and increased cash flow by 14 percent in the first year and 7.5 percent in the second year."

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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