South Carolina hospital considers billing overhaul after operating loss

Orangeburg, S.C.-based Regional Medical Center wants to improve its patient billing processes after ending its most recent fiscal year with a loss, according to T&D News.

Carol Koenecke-Grant, RMC's vice president of strategic planning and marketing, told the newspaper that changes may include automating manual processes and making RCM's billing more electronic-friendly.

The medical center's board of trustees discussed the possible changes during a regularly scheduled closed-door meeting Jan. 28. The board said the matter is a contractual issue, and didn't take any action after the meeting.

RMC ended the 2018-19 fiscal year with a $2.4 million deficit. A decrease in revenues from lower inpatient volumes pulled down the medical center's bottom line, according to T&D News.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars