The shift from fee-for-service to value-based care as well as an increasing number of patients enrolling in high-deductible health plans mean big revenue cycle management challenges for the industry.
Becker’s Hospital Review asked six industry experts for their predictions and outlook on the coming year. It’s a quick read and easily digestible, but the main thread seems to be this: Healthcare organizations can no longer neglect revenue cycle systems and workflows in the face of a more and more competitive “retail” medical space.
Revenue cycle systems which neglect the paper of EOB’s, Correspondence letters, and patient payments are going to be behind the curve. Check out this 4 minute video on how providers and revenue cycle companies can electronify their remittance processes immediately.
There is an ancient curse that says “may you live in interesting times.” However, for the prepared, the upcoming year can be a positive turning point!