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.

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.

 

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