How to create alignment between hospital practices and RCM functions

It’s no secret that healthcare providers are consistently dealing with stress from reduced reimbursements and lowering margins. In this guest post, Shawn Yates, director of product management for a company that develops a variety of information systems, reveals how effective collection processes and use of insightful data can alleviate these potential issues.

Hospitals and other providers often describe five specific pain points they experience within their revenue cycle management system. These issues include general errors in billing and collection, system architecture challenges, a lack of training, failure to supervise the entire claims process from start to finish and the multitude of claims available.

However, it’s important to remember that these issues are incredibly common. Solving these issues involves straightforward and necessary realignment of provider practices and RCM functions, as well as effective communication.