Transcription of VALUE PROPOSITION: REVENUE CYCLE …
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VALUE PROPOSITION: REVENUE CYCLE …
Provider REVENUE CYCLE Management (RCM) and Proposed Solutions By: Ranjana Maitra General Manager, Manufacturing & Healthcare Vertical Provider RCM and Proposed Solutions _____ Executive Summary It takes more than world-class service to be competitive in the health care industry today. With reimbursements decreasing and cost of healthcare services increasing, hospitals are struggling to keep afloat. Today s business office is no longer a cost center, but is viewed as a REVENUE maximizing department. Healthcare organizations are under pressure to cut costs, improve reimbursement and cash flow while improving efficiency in an era where resources are scarce. The Provider REVENUE CYCLE and its appropriate management is the crux of profit maximization. By the same token, it remains a process that has room for optimization through the use of technology and process reengineering. The following white paper attempts to introduce the reader to the basic concepts of Provider / Hospital RCM, the pain areas and possible solutions to address these.
The Provider Revenue Cycle and its appropriate management is the crux of profit maximization. By the same token, it remains a process that has room for optimization
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