RCM tip of the day: Align revenue cycle with new value-based care requirements

Specialty medical practices should focus on performance optimization and risk management to ensure their revenue cycles meet new value-based care requirements, advised Parag Shah, president of practice solutions at Integra Connect, a provider of technologies and services for value-based specialty care.

He recommended practices first focus on optimizing their performance based on value instead of collections based on the number of patients seen.

"This includes a more comprehensive approach to tracking patients across all care settings, including co-morbidities and adverse events, as well as proactively measuring quality or patient satisfaction that impact performance under the Merit-based Incentive Payment System or Bundled Payments for Care Improvement [model]," said Mr. Shah.

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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