Earlier this year, Becker’s published a recap article about a Black Book poll of healthcare CFOs, CIOs, business office managers and technology and financial services staffers. In essence, the survey of revenue cycle management (RCM) stakeholders found that nearly half (45 percent) of struggling hospitals plan on moving toward end-to-end RCM outsourcing.
End-to-end outsourcing may become a general trend in healthcare, but hospital finance leaders should look for solutions that focus on their patient billing and collections. This not only prioritizes efficiency but also ensure long-term success with their customer: the patients.
Finance and healthcare executives are showing that an in-house revenue cycle is not only exponentially cheaper, it empowers their patients, their staff and their strategic objectives.
Read more in Tomer Shoval’s most recent article published by Becker’s Hospital Review here.