What is Good Revenue Cycle Management and its Impact on NC Hospitals?


Good revenue cycle management can be achieved in a lot of ways, but they all begin with hospitals properly reviewing their healthcare data. It’s important for them to identify denied claims from their database early on because these can significantly affect their revenue cycle. In fact, denials can cause a hospital to miss about 90 percent of its revenue opportunities because they lead to plenty of missed collections and a long time for accounts receivables to just sit there, waiting to be paid.

Working with healthcare eligibility specialists like those from DECO Recovery Management can help NC hospitals optimize revenue by making absolutely sure that their patients are eligible for benefits in the first place, and in cases that they’re not, find the workaround for patients’ eligibility. Eligibility experts add value to what revenue cycle management companies do by mainly ensuring the recovery of revenue from accounts receivables.
http://decorm.com/good-revenue-cycle-management-impact-nc-hospitals/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s