According to a report from Markets and Markets, the global revenue cycle management (RCM) market is predicted to reach USD 90.43 billion in 2022 from USD 45.59 billion in 2016, growing at a CAGR of 12.1%. The base year considered for the study is 2016, and the...
In this transitional scenario where the industry is moving from fee-for-service to value-based payment, healthcare providers need novel strategies to optimize reimbursement. The following best practices for revenue cycle management (RCM) can improve accuracy and...
Success in managing the revenue cycle depends on efficient handling of all the processes from patient enrollment and medical eligibility verification to medical coding and billing and payment collection. Accurate capture of all the information at each stage and proper...
The Medicare risk adjusted payment model is one of the major changes that have impacted physician practice revenue since it was introduced. The Centers for Medicare & Medicaid Services (CMS) uses the HCC (Hierarchical Condition Category) risk stratification...
Early this year, we talked about the Black Book Market Research survey, revealing the sharp rise of revenue cycle management (RCM) outsourcing among healthcare providers. Now, a new Black Book survey reveals that RCM outsourcing is still going strong in the healthcare...
