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
