BC Advantage - 2011 Issue 8

How Investing in the Revenue Cycle Can Improve Your Financial Position

In this edition of IMA Insights, we will discuss how focusing on the revenue cycle can improve your financial position, specifically, related to the use of technology and transforming revenue cycle processes. There are many options available to automate processes within the revenue cycle. Some leading revenue cycle technology includes eligibility verification, quality assurance systems, payer communication management, patient payment estimation, propensity to pay scoring, financial assistance automation, E-cashiering, follow up tools, and workflow automation. There are also many processes within the revenue cycle that should be implemented to improve your organizations financial performance. Though Return on Investment (ROI)...

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