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Blog Posts by Tag: Outsourced Billing

The Impact of Hospital and Outreach Laboratory Revenue Cycle Management Incentive Misalignment

Many hospital finance leaders think they are collecting at a higher rate than they actually are since write-offs appear as an adjustment to revenue. At the same time, they try to maximize the value of their revenue cycle management (RCM) technology investments and workforce by requiring the outreach laboratory claims to be handled by the same team and systems as the hospital and health system...

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More Leading Hospital Laboratories Are Outsourcing Revenue Cycle Management

As value-based care initiatives and reform continue to put pressure on hospitals to decrease inpatient volumes, achieve outcomes goals, and provide cost-effective care, clinical services outsourcing is becoming a necessity. At the same time, based on XIFIN customer analysis, many hospital laboratories fail to capture as much as 30% of the revenue that is due to them. This is especially true for...

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Black Book Market Research Survey Shows Sharp Rise in Clinical Outsourcing Partnerships

Are you thinking of outsourcing your billing and revenue cycle? Well, you're not alone — A recent Black Book Market Research survey reveals a sharp increase in clinical outsourcing partnerships due to the pressures of value-based care reforms.The survey said the top two reasons for outsourcing services are cost savings/avoidance (selected by 85% of respondents) and the expertise of the...

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RPM 9: Outsource Service Model Creates Flexible Delivery Options and Insight into the Financial and Operational Metrics Critical to Success

At XIFIN, our mission is to help diagnostic providers thrive by unleashing their power to succeed, both financially and in improving patient outcomes. To truly thrive, you need partners and technology that are flexible to your unique business model and able to easily adapt to changes in your business environment. One important decision when thinking about revenue cycle management (RCM), for...

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XIFIN Next-Generation Revenue Cycle Management Helps Laboratories Thrive – Whether Managed In-House or with Outsourced

XIFIN is proud to announce the latest release of RPM designed to help laboratories succeed in today's challenging market. This release, XIFIN RPM 9, extends our laboratory billing capabilities for both in-house and outsource clients and includes new automated workflows to maximize cash collection, real-time business intelligence, and built-in reporting for the latest PAMA and FASB requirements....

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