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Many healthcare providers find themselves wondering whether a revenue cycle management (RCM) partner would benefit their organizations. Streamline the billing process The right RCM partner will help providers optimize revenue by creating faster, easier processes to identify insurance coverage. Together, let’s discover better!
Whats needed is a revolution, and revenue cycle management (RCM) technology is turning the tables. RCM technology streamlines workflows, increases collections, and improves a health systems financial stability by prioritizing high-value claims. Still, the RCM market is projected to exceed $238 billion by 2030.
It takes about three paper statements , on average, for consumers to pay their medicalbills. Just three years ago, 90% of healthcare organizations relied on paper-based billing statements. A 2021 U.S. The following is a guest article by Mark Spinner, President and CEO at AccessOne.
Leveraging the latest communications technology offers three big advantages for patients and healthcare billers: Transparency in Billing One of the biggest hurdles to patient bill payment is a lack of transparency. Patients often find medicalbills confusing and difficult to understand, making them hesitant to pay.
The report also cited a 50% increase in breaches from 2022 as compared to 2021. Partnerships Fintech company Cedar is working with Google Cloud to build AI-powered tools to hep patients understand medicalbills. Clinical workflow platform Rimidi named Dr. Mark Cohen as Chief Medical Advisor.
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