While healthcare facilities exist for the common good of society, it is important that they remain economically viable in order for the doors to stay open. The two must go hand in hand. While such facilities need to do what they can to increase revenue and decrease expenses over time, such measures should not adversely impact patient care. Therefore, healthcare RCM is such a key concept to embrace. Revenue Cycle Management is viewed as a way to better enable healthcare facilities to maximize the use of available resources by allowing staff to remain more focused on providing quality patient care. To effectively accomplish this, some tasks should be outsourced.
Settle Bills Prior To Discharge
No matter if a patient has insurance or not, it is important to determine how payment will be made. Bills should be settled prior to discharge. This is often difficult to do when facility resources and staff are already worn thin. Proper healthcare RCM principles dictate that bills should be collected upfront when at all possible. This can be accomplished effectively by automating the eligibility process. For patients that require pre-authorization, it is important to have a mechanism in place that enables that to be done in a timely manner.
If you are looking for a more effective way to handle your Revenue Cycle Management needs, you will want to consult with GeBBS Healthcare Solutions. They are staffed by a team of professionals that will become your partner in getting the task done. Learn more about them on their website.
Visit https://gebbs.com/news/milind-godbole-redefining-leadership-philosophy-in-the-healthcare-industry/ to know more.
