Blog Posts by Date: Dec 2018

The Role of Revenue Cycle Management in Supporting Health System Laboratory Standardization and Centralization

  • December 27, 2018

Over the years health systems have gone through cycles of selling off their outreach labs for quick financial gains, only to re-establish them in later years to meet the immediate needs of the health system. This trend is shifting as hospital systems and hospital executives are realizing the value outreach labs have to both the cost structure and...


Where Have All of the Great Communicators Gone?

  • December 18, 2018

As I was watching the memorial services for former President George H.W. Bush I was struck by how many people, regardless of their political affiliation, commented on the fact that he was a true gentleman and that one of the manifestations of that was his prolific writing of personal notes and letters. These characteristics were clearly...


Revenue Cycle Management: How to Get Started (Part 1)

  • December 14, 2018

You’ve done your research and you’re convinced that implementing a new revenue cycle management (RCM) system will deliver real value for your organization. Where do you go from here? Every organization is different, but undoubtedly you will need to establish executive buy-in. Here are the key steps to take to help you get your team on board:...


Revenue Cycle Management: Tools to Gain Executive Buy-In (Part 2)

  • December 13, 2018

Now that you’ve completed your due diligence and you’re sure that implementing a new revenue cycle management (RCM) system is the right course of action, you will need to gain executive buy-in. Typically, this means communicating your conclusions and recommendations to build consensus with IT, Finance, and the executive team that runs the...


Selecting the Right Revenue Cycle Management Solution: Key Considerations (Part 3)

  • December 12, 2018

Once you’ve established executive buy-in that implementing a new revenue cycle management (RCM) system will deliver real value for your organization, you will undoubtedly begin researching potential solution providers. This is a crucial step to determining which company provides the solution that is best suited to your organization and your needs....


Raise Your Data IQ

Every day, billions of bits of discreet digital data is generated. A significant proportion of that data is healthcare related. According to a 2014 IDC report sponsored by EMC, healthcare data is growing at an annual rate of 48% and will reach 2,314 exabytes (one billion gigabytes) by 2020. A major challenge to unlocking the value of the data and...


Using Machine Learning to Improve Revenue Cycle Management (RCM) Operations and Decision-Making

Machine learning and artificial intelligence (AI) are mainstream topics in the technology space, but separating the truth from the hype can be a challenge. AI refers to any technique that enables computers to mimic human intelligence. Machine learning (ML) is a subset of AI and is the science of getting computers to act without having to be...