Blog

April 24, 2024

Critical Areas of RCM

Revenue cycle management is a critical tool for the survival and growth of a healthcare institution. It ensures that services rendered are successfully converted into revenue. According to Manley and Satiani (2009), the main aspects of RCM include; payer contracting, appointment scheduling, registration process, capturing charges, billing patients and payers, […]
April 24, 2024

Challenges Associated with RCM

Manley, R., &Satiani, B. (2009). Revenue cycle management. Journal Of Vascular Surgery, 50(5), 1232-1238. https://doi.org/10.1016/j.jvs.2009.07.065 Converting services rendered to revenue in a health care setting is critical for the survival and growth of any health organization. Businesses always have policies to collect account receivables. In the health care industry, there are formal […]
April 24, 2024

Revenue Cycle Management

O’Neal, B., Friemel, A., Glowczewski, J., Coggins, J., Macchia, M., & Forrey, R. et al. (2018). Optimizing the revenue cycle to promote growth of the pharmacy enterprise. American Journal of Health-System Pharmacy, 75(12), 853-855. https://doi.org/10.2146/ajhp170335. The article Optimizing the Revenue Cycle to Promote Growth of the Pharmacy Enterprise by Brian O’Neil and […]
April 24, 2024

Financial Challenges Facing Physician Reimbursement

The major challenge facing physicians is getting paid for the work they do. Healthcare sector has undergone tremendous development in terms of reimbursement models. There has been a shift from fee-for-service models to the current value-based reimbursement models. Physicians are likely to experience hassles in getting payment from health insurers […]