by RSM | Aug 27, 2020 | Revenue Cycle Optimization
Rising costs and increasing burdens on staff make revenue cycle management (RCM) outsourcing not just smart, but a growing necessity. But with razor-thin margins, there isn’t room in the budget for vendor partnerships that don’t generate ROI. That’s...
by RSM | Jun 17, 2020 | Revenue Cycle Optimization
Electronic Health Records (EHR) system conversions affect all healthcare providers, from small practices to the largest hospitals. On average, hospitals must update their systems every 10 years in order to comply with evolving regulatory requirements, improve...
by RSM | Feb 20, 2020 | Revenue Cycle Optimization
Rising costs and fewer resources in human capital make revenue cycle outsourcing a growing necessity. Outsourcing can be a winning strategy for streamlining operations and boosting revenue through optimized patient balance collections. However, a 2019 report from KLAS...
by RSM | Dec 30, 2019 | Revenue Cycle Optimization
Healthcare collections litigation is increasingly in the news and on the minds of providers and patients alike. With rising costs and more Americans on high-deductible health plans (HDHPs), the patient burden of healthcare has skyrocketed to 40% or more. Uncompensated...
by RSM | Aug 26, 2019 | Revenue Cycle Optimization
Accounts receivable aging refers to the time it takes to completely resolve a claim, also known as A/R days. A good rule of thumb is to view any claim over 180 days old as one that is in serious danger of not being collected. Generally, days in A/R should stay below...
by RSM | Aug 1, 2019 | Revenue Cycle Optimization
In 2015, 41 percent of working-age Americans (72 million people) had medical bill problems or were paying off medical debt, up from 34 percent in 2005. The main cause for this increase is the fact that insurance companies shifted more payment responsibility to the...
