RCM tip of the day: Invest in automated tools

As hospitals and health systems move from fee-for-service payments to novel pay-for-performance contracts, it is crucial they keep a healthy revenue cycle management strategy.

Advertisement

John Wallace, vice president and general manager of ACO services for McKesson’s Business Performance Services: To identify improvement areas, providers need tools to analyze the information and gather necessary insights. Automation is important when it comes to scaling these efforts as we see with population health initiatives.

To learn more about the speed of movement from volume to value and potential impacts, access this story from Becker’s Hospital Review. McKesson’s blog, Focus Ahead, also contains RCM insights/best practices.

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.

 

More articles on finance:
Geisinger gets revenue boost from acquisitions
InstaMed lands $50M capital investment
Mosaic Life Care braces for DSH overpayments, audit findings

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.