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Pros and Cons of Outsourcing Your Revenue Cycle Management

5 Pros and Cons of Outsourcing Your Revenue Cycle Management

When it comes to deciding whether or not to outsource your Recycle Cycle Management efforts, there are pros and cons to consider.  Pro #1: Outsourcing Revenue Cycle Management allows you to focus more on your patients. By outsourcing your RCM efforts, you won’t have to detail any of your staff to taking care of Revenue…

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Tracking revenue cycle Key Performance Indicators is the perfect way to monitor your Revenue Cycle Management efforts.

Top 5 Revenue Cycle Key Performance Indicators For HealthCare Facilities

Are you using revenue cycle Key Performance Indicators (KPIs) to track and measure your RCM efforts? If not, you really should be. Employing Revenue Cycle Management strategies in your healthcare facility is more important than ever. But, it’s also important to make sure your RCM efforts are successful. Tracking revenue cycle Key Performance Indicators is…

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Attract Talented RCM Staff

How To Attract Talented RCM Staff Into Your Healthcare Organization

It is no secret that implementing Revenue Cycle Management strategies into your healthcare organization will definitely have a positive impact on your facility, but do you even know where to begin? It actually starts with attracting talented Revenue Cycle Management staff. In order for your RCM efforts to be successful and achieve your organization’s goals,…

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HIM can optimize your healthcare company by improving patient care and the overall well-being of your facility.

How Health Information Management Can Optimize Your Healthcare Company

Health Information Management (HIM) is a vital part of any healthcare system and has a direct impact on both a healthcare facility and its patients. Learn how HIM can optimize your healthcare company by improving patient care and the overall well-being of your facility, including ensuring proper patient service revenue. The Correlation Between Health Information…

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The new budget proposal consists of drastic cuts to Medicare and Medicaid.

How The 2020 Budget Proposal Will Impact Healthcare

How Will Hospitals Survive In Tomorrow’s Healthcare? The 2020 budget proposal has a lot of people talking, and not in a good way. This is mainly because if this new budget proposal is passed, it would cut $2.7 trillion over the next decade from many important Health and Human Services programs, including Medicare and Medicaid.…

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A good RCM leader must have a deep understanding of financial management.

What Makes A Good RCM Leader

Whether the job entails leading the revenue cycle management efforts for a clinic, hospital, or an entire health system, there are many aspects and responsibilities to the role of a RCM leader. Therefore, it is essential that a revenue cycle management leader possess certain individual qualities, have a very specialized skill set, and produce specific…

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The Importance Of Clinical Documentation Improvement (CDI)

The Importance Of Clinical Documentation Improvement (CDI)

Clinical Documentation Improvement (CDI) is a vital health care initiative that all medical facilities should be fully implementing. Learn why Clinical Documentation Improvement is so important to your organization; how not fully implementing CDI can harm your health care facility; and how Nearterm’s medical support staff can assist you with your clinical documentation needs, so…

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PCMH vs. ACO

PCMH vs. ACO in Healthcare – Which is Best?

Many healthcare providers are facing the rising costs of providing medical care. These include drug, material, education, and other expenses.  At the same time, insurance costs for patients are also rapidly increasing. Deciding how to provide medical care in the most efficient and cost-effective ways is becoming an increasingly complex healthcare management issue. In tandem…

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physician revenue cycle metrics

Top Revenue Cycle Key Performance Indicators

Healthcare organizations must manage their revenue cycle with an approach that balances patient care and quality. Due to increasing medical and drug costs paired with higher insurance premiums and deductibles, efficient revenue cycle management (RCM) is more important than ever. There are many indicators one could use to gauge the effectiveness of various elements of…

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what is a healthcare clearinghouse?

What is a Healthcare Clearinghouse & Why Use One?

Modern medicine in the United States includes a complex relationship between healthcare providers and insurance payers. Technology plays a critical role in electronic data interchange (EDI) between payers and providers, but the wide variety of software systems used can make seamless connection difficult. The Health Insurance Portability and Accounting Act (HIPAA) addresses the importance of…

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