Medical Billing & Medical Coding Blog...

Medical Billing » Blog » RCM tip of the day: Start by starting

RCM tip of the day: Start by starting

RCM tip of the day: Start by starting

When seeking to improve revenue cycle management, healthcare organizations should develop a specific plan for each initiative, according to Jim Denny, president and CEO of Navicure.

Mr. Denny shared the following tip with Becker’s Hospital Review.

“Despite new and ongoing revenue cycle burdens, the real key to making improvements is to start by starting. I always remind our clients to develop a list of needed initiatives for the current year, as well as upcoming years, and approach one or only a few top priority initiatives at a time. For example, if your organization’s days in accounts receivable are through the roof, start by leveraging a data analytics tool to understand the reasons for the backlog. Whether the issue starts at the front desk — maybe eligibility errors, such as a patient’s change in coverage — are causing an uptick in rejections, or you find patients aren’t paying outstanding balances as quickly as you would like, take the time to outline a specific plan for improvement…

 

Continue reading this article

 

View all Articles by:

Be The First To Comment!

New comments are no longer accepted on this article.

Subscribe To Article Updates By Email

Submit this form to receive an email when a new article is published to our blog.

Your email address:

(Your email will never be given or used for anything but this article subscription) - privacy policy

Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online Add to Technorati Favorites!
Blog Sections
Blog Archives
Professional Affiliations
Connect With Us
Tweets by This Author
Feedback
The medical billing blog with billing and coding articles!
Medical Billing & Coding Articles!