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.
More articles on healthcare finance:
Neonatal telehealth reduces transfers, boosts community hospital revenue, study finds
CMS cuts payments to 11,000 nursing homes, cites readmission rates
For-profit hospital stock report: Week of Nov. 26-30
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.