Our ongoing surveys of the healthcare environment have provided feedback from over 150 healthcare systems across the spectrum – general practices, specialist practices, acute care, behavioral health, substance abuse – and more than three-quarters identify the revenue cycle as their most pressing non-clinical challenge. Revenue cycle management is complicated and undergoing externally driven structural change
Successfully implementing an effective RCM strategy relies on developing a cohesive framework that is to be managed. For the purposes of this discussion, I’m defining the healthcare revenue cycle to include all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. At a high level, the many steps
CTI Healthcare blog series: A Prescription for Improving Patient and Institutional Financial Wellbeing Innovation: The “Now“ Modern Healthcare Data Architecture Part 5 of 5. The healthcare industry produces massive volumes of data every day—from claims and cost data to clinical trials, electronic medical records, and even online patient sentiments. on-the-fly. most professionals within the industry,
CTI Healthcare blog series: A Prescription for Improving Patient and Institutional Financial Wellbeing Creating a Healthcare Data Ecosystem – A Lesson from the Business World – Part 4 of 5. The healthcare industry has been playing IT catch-up, as the IT paradigm is already changing. Healthcare technology, by that I mean the IT that runs
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