Lou Anne Brooke, Director, RCM Performance, SourceMedical: The sterility of your data is important to consider when leveraging data to improve your processes. The phrase “garbage in, garbage out” is known in the data mining field as a hazard to avoid. In the revenue cycle, this translates to the need for quality assurance at the beginning of the claims process. A “gatekeeper” approach allows us to act as a steward for clean data coming into the system, and helps us realize better results and improved efficiency.
If you would like to share your RCM best practices, please email Carrie Pallardy at cpallardy@beckershealthcare.com to be featured in the “RCM tip of the day” series.
More articles on finance issues:
One university if offering free medical school to 10 students a year: 5 things to know
New York hospital expected to close by end of 2015
For-profit hospital stock report: Week of Oct. 19-23