RCM tip of the day: Look for a partner that's independent

Hospitals and health systems must consider a number of areas when choosing a revenue cycle management partner.

Sloan Clardy, Chief Strategy Officer for nThrive: The healthcare industry is complicated enough without having to wonder if your revenue cycle management company is putting your own business first. When choosing a RCM partner, be sure to consider how the company is bound to the interests of a payer or provider system. Only an independent partner will be able to provide unbiased guidance and act as an advocate on behalf of its clients. 

To learn more about picking the right RCM partner, access this story from Becker's Hospital Review.

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 healthcare finance:
Fitch affirms 'A+' rating on Palomar Health's bonds
Fitch affirms 'A' rating on Dignity Health's debt
S&P assigns 'AA-' rating to Methodist Le Bonheur Healthcare & Affiliates' bonds

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.