As the industry evolves, provider organizations will need to continue to adjust to attain revenue cycle excellence. A provider’s financial well-being is nearly always tied to the revenue cycle of the clinical practice. Higher-performing organizations have high levels of stakeholder engagement “up and down” the organization creating cascading scorecards that build toward common organizational goals.
From large-scale initiatives that bundle enhanced revenue cycle functions with overall organization performance, to new technology implementations, to effectively leveraging outside expertise, modernizing the revenue cycle involves more than taking a few steps and is more of a journey. Architecting a modernization process is best begun by developing and documenting process workflows and overlaying functional
A Prescription for Improving Patient and Institutional Financial Wellbeing The Accelerating Importance of Data Analytics in Healthcare – Part 1 of 5. Data is the lifeblood of the next-generation health system, and innovative use of analytics will drive better outcomes and lower costs. Data analytics tools have the potential to transform health care in