How Optimized Technology Can Improve Revenue Cycle Management

Harnessing the power of these tools is often difficult for provider organizations with the increasing interaction of billing software, EHRs, clearinghouse integrations, and add-on tools. A CIO should keep a watchful eye on their technology solutions' interoperability to realize their maximum benefits and efficiencies.

Fremont, CA: In order to ensure the effective use of revenue cycle management technology, there must be strong communication between CIOs, CFOs, and other healthcare. They also need to work together to make sure peak conditions for their rev cycle systems. Poor RCM performance can lead to lost revenue, which is the last thing any healthcare organization would want.

The importance of interoperability

Today's revenue cycle professionals are challenged with a growing entanglement of government regulation and payer policies. Fortunately, innovation is giving birth to solutions that are helping in eliminating manual processes and decrease the labor costs required to submit a clean claim and receive timely reimbursement.