Mar 13, 2020 | Revenue Cycle Management Solutions
In healthcare, revenue cycle management (RCM) is the process used to track and collect revenue from patients. RCM begins with scheduling a patient for a clinical encounter through the final payment for the healthcare services rendered. The Healthcare Financial...
Jan 24, 2020 | Revenue Cycle Management Solutions
Healthcare is a challenging and constantly changing field, and for those who work in upper management, such as hospital administrators, CEO’s, CFO’s, or CTO’s, navigating this complex arena is part and parcel of the job. One of the most challenging aspects of being in...
Dec 31, 2019 | Revenue Cycle Management Solutions
When you’re running a hospital or healthcare practice, your primary goal is to ensure that your patients are receiving the treatment they need. The truth about it, though, is that in order to keep things running smoothly and to allow the doctors to continue to provide...
Sep 3, 2019 | Revenue Cycle Management Solutions
In part 1 of this series, Robotic Process Automation Revolutionizes the Healthcare Revenue Cycle, we examined how Advantum’s Robotic Process Automation (RPA) achieved efficiencies in automating the processes for submitting and following up on claims. In this...
Jun 10, 2019 | Revenue Cycle Management Solutions
The key drivers of the revenue cycle for most healthcare practices are the reimbursement of covered services from health insurance payers and co-pays, and insurance deductibles from patients. The more efficient the healthcare provider’s revenue cycle management (RCM)...
