RCM tip of the day: Data should be actionable

By using data as an actionable resource, rather than a reactive one, hospital and health system staff can help identify areas for revenue cycle management improvement, according to Tara Dwyer, vice president of audit operations at Xsolis.

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Ms. Dwyer shared the following tip with Becker’s Hospital Review.

“Predictive analytics and algorithms that leverage data from disparate sources take a tremendous burden off staff and identify opportunities to protect revenue in real time — from the medical necessity of patient cases, to changes in patient status, to which claims are at the greatest risk for denial — all while keeping compliance at the highest possible level.

“Data should be thought of as an asset and a tool, rather than a burden and a constraint. Let your data work for your staff.”

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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