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.
John Hansel, Vice President of Healthcare Provider Solutions, MedeAnalytics (Emeryville, Calif.): Compare your financial performance to your peers. Powerful benchmarking data enables you to compare aspects of your revenue against current data from today’s peers so you can identify your organization’s weaknesses and quickly spot improvement opportunities. Once your revenue initiatives are identified, you can then create action plans and assign points of accountability to ensure your goals come to fruition.
More articles on finance issues:
RCM tip of the day: Using analytics to improve revenue cycle
5 hospital CFOs in the headlines
Medicaid expansion costs $1k more per person than expected
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.