Learning Objectives
- Understand the complexities to the US healthcare payment system
- Apply market best practices to rethink your revenue management strategy
- Identify the effect of a RM platform on strategic and financial goals
Overview
Why is it so hard to get paid for healthcare? Challenges from payers, policymakers, providers, and patients have made the U.S. healthcare system one of the most complex in the world. For providers to succeed in this new reality, Revenue Cycle Management (RCM) needs a new vision.
Rethinking Revenue Management is a new approach; it focuses on engagement, collaboration, automation, and strategic approaches to technology – which creates a win/win/win for patients, providers, and payers.
Providing a consolidated, innovative revenue management (RM) platform provides financial teams and stakeholders with greater reliability and control to deliver better outcomes for everyone. This session provides an overview of the “20 reasons” why RCM needs to evolve into RM and a few ideas about how to rethink RM at your organization.
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