RCM: Fixing the Old and Adjusting to the New

Revenue Cycle Management (RCM) is like a one of those huge Lego sculptures. From the outside it looks one thing, but upon further inspection there are a million tiny little pieces that fit together to create the whole. Having a well executed RCM strategy is crucial to keep your organization running because it impacts everything. When things are simple and easy to pay for, patients are happy, the staff is happy, and you are most definitely happy. But if any part is misaligned, the whole sculpture can be disformed or even fall apart. So how do we improve? How do we make our sculpture be more realistic? The key lies in optimization. We need to be looking for areas that we can simplify to make everyone’s life easier. But equally important to keep in mind as we optimize our RCM sculpture, as we optimize old practices, we need to prepare to adjust to the new changes. For example, for Legos any curves needed to be built using rectangles, because that was all that was available. To simplify this, Lego found ways to create arched pieces. But in optimizing the process, the old instruction manuals were now outdated and adjustments needed to be made. To better understand ways that RCM can be optimized and how to best prepare for any needed adjustments, we reached out to our incredibly talented Healthcare IT Today Community for their insights. Below is what they had to share on this topic! Kyle Sherseth, Vice President, Revenue Cycle Solutions at Savista Revenue integrity programs a...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Administration Ambulatory C-Suite Leadership Health IT Company Healthcare IT Hospital - Health System Regulations Revenue Cycle Management Amy Brown AristaMD Authenticx Branden Barkema Brooke LeVasseur Clara Lambert Clarissa Ri Source Type: blogs