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.

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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