These days, there are a lot of financial pressures in the world of healthcare. It’s easy for healthcare revenue cycle management to be misunderstood when its goal is actually to improve cash flow for medical facilities while also improving patient outcomes.
It was not all that long ago when a doctor could know his patients well as individuals and as part of a community. Life was simpler. Towns and cities were generally smaller. Medicine did not involve big bureaucracies and the Information Age had not introduced information overload.
These days, it is rare for a doctor to know his patients well as individuals, and there are a lot more layers of things to manage than there once were if you want to do this well. Fortunately, the Information Age is not only the problem; it is also the solution. Data management can help cut through the red tape and improve patient care while helping to make sure the money end of things also runs smoothly, for both patient and provider.
Data management and healthcare revenue cycle management are strongly interrelated. Better information is a big part of making sure that hospitals get paid in a timely manner while simultaneously making things easier for their patients.