Transform Financial Outcomes with the Revenue Cycle Management Technology Adoption Model
Discover how FinThrive and HFMA have pioneered the industry's first Revenue Cycle Management Technology Adoption Model (RCMTAM).
This innovative, five-stage framework is designed to assess your organization's RCM maturity, identify technology gaps and create a customized roadmap for financial success. Proven results include improved clean claims rates and multimillion-dollar revenue gains.
Want to learn how RCMTAM can redefine your financial strategy? Watch the video now and see the impact for yourself.
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Video Transcript
In a recent study, a majority of RCM leaders reported that they plan to increase investments in RCM technology modernization. And with an overwhelming number of technologies and vendors to choose from, it can be challenging for providers to know what solutions to invest in and where to start. Introducing the revenue cycle management technology adoption model.
Inspired by the HIMSS EHR adoption model, RCMTAM serves as the industry's first data driven RCM framework designed for provider organizations to help inform strategies and prioritize technology investments.
Developed by FinThrive in partnership with HFMA, this complimentary five stage RCM adoption model leverages thirty thousand plus data points from healthcare finance leaders to inform peer benchmarking insights. This methodology provides flexibility based on your organization's unique needs.
First, RCMTAM determines your organization's current maturity stage on a scale from one to five. Next, it identifies technology gaps across the revenue cycle and flags what's mission critical to address now and what can wait.
Finally, it analyzes the results and delivers a three year strategic roadmap to help you prioritize where to invest in technology and when.
What's more is RCMTAM's proven impact.
One customer shared that after adopting RCMTAM, his organization's POC percentage of net patient service revenue rose from point eight percent to one point one percent, generating over two million dollars in one year.
Additionally, their clean claims rate improved significantly from ninety three percent to ninety seven point six percent. Discover firsthand how RCMTAM can boost your organization's financial success.
Take the next step to get your complimentary assessment. Visit finthrive.com/RCMTAM today.