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Author name: Brooke Barry

RCM Technology: Trends That Will Shape the Revenue Cycle in 2024 

During the first three quarters of 2023, 53 hospital mergers were reported, but hospitals aren’t the only organizations experiencing higher consolidation activity.  Part of the solution is integrating automation into your claims denial and increase first-time claims approval, which is also your best opportunity for capturing the most revenue.  Research shows that roughly half of healthcare payments are made through value-based reimbursement models.  If you need help figuring out how to get started while preparing for the future, a revenue cycle specialist who understands RCM technology can help.   

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New Study Shows Link Between EHR Usability Issues and Medical Errors

According to a recent study published by JAMA Network Open, a critical area connected to accuracy is EHR system usability. Every healthcare provider owes it to themselves, their business, their patients, and society as a whole, to ensure that the right EHR is being used in the right way to support a better healthcare industry for all of us.

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Expanding Your Digital Footprint – Finding Your Next Move

Digital transformation has been happening for some time, but when the pandemic took hold, its progress accelerated by several years. As you consider the next best move to expand your digital footprint, a prime opportunity is automating processes that rely heavily on people and paper. Want to see more content like this? Follow us on LinkedIn and never miss a blog post. 

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90% of Patient Loyalty Connected to Financial Experience

A recent survey found that “90% of patients say that loyalty relies on the patient’s financial experience.” Amidst staffing shortages, it is also worth noting that patient experience is tied closely to workforce engagement, potentially impacting staff satisfaction and retention. This capability could put even more pressure on practices to improve patient experience. By focusing on the financial side of the patient experience, you can create interactions that keep patients coming back and encourage referrals, helping you grow your practice. Follow us on LinkedIn and never miss a post.

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