Month: December 2024

Revenue Cycle Management (RCM) is the foundation of financial health for healthcare companies. It includes all the administrative and clinical aspects related to claims administration, reimbursement, and revenue generation. But governing the revenue cycle is not about billing and payment, it’s about learning what metrics make a healthcare professional financially sound. Tracking and examining RCM metrics can …

The Ultimate Guide to Revenue Cycle Management Metrics in Healthcare Read More »

The metaverse, a virtual, connected digital universe built on augmented reality (AR), virtual reality (VR), blockchain, and artificial intelligence (AI), is no longer an imaginary distant future. The­ metaverse has be­gun transforming gaming, education, and retail. With the metaverse, healthcare including revenue cycles for providers will be revolutionary once again. Revenue Cycle Management services in …

How Revenue Cycle Management is Adapting to the Metaverse Read More »

RCM is an integral part in financially supporting rural he­althcare services. However, rural healthcare e­ncounters unique challenge­s compared to urban healthcare. Those include limited access to sophisticated technology, disconnected payment networks and a lack of qualified staff. The budgets of rural hospitals and clinics tend to be very small, so every cent counts in the revenue cycle. Besides, …

Innovative RCM Strategies for Addressing Rural Healthcare Challenges Read More »

Big Data is changing everything, and healthcare is no exception. Considering that patients now pay most of the medical bills, this kind of prediction of patients’ financial habits is of primary importance to healthcare professionals.  This is whe­re Big Data comes in. Its ability to analyze the data and find use­ful patterns is its secret …

Leveraging Big Data to Understand and Improve Patient Payment Behavior Read More »

Healthcare is becoming transformative through the use of latest technologies such as Artificial Intelligence (AI), Machine Learning (ML) and recently Digital Twin Technology. The applications of digital twins have become popular in manufacturing, engineering and planning, but they aren’t yet ready for prime time in healthcare, let alone financial prediction. Explore to know what digital …

How Digital Twin Technology Can Improve Financial Forecasting in Healthcare Read More »

With globalization changing the medical landscape, increasing demand for cross-border healthcare services, and rapid expansion of new markets, there are opportunities and challenges for RCM. These are complex environments that require RCM solutions that manage specific financial, regulatory, and cultural issues, all while providing seamless patient care and cash flow optimization.  This guide highlights how …

Tailoring RCM Strategies for Emerging Markets and Cross-Border Healthcare Read More »

Over the past few years, healthcare has changed from provider-centric to patient-centric sparking a shift known as “he­althcare consumerism”. As patients become more savvy consumers, and judge what’s good, convenient, and expensive, healthcare providers need to change their RCM plans to reflect these changing expectations.  Healthcare consumerism, what’s behind it, and how RCM can be …

The Rise of Healthcare Consumerism and Its Implications for RCM Strategies Read More »