In today’s tech-savvy world, healthcare and information technology work hand in hand to enhance the practice of the former with systems utilizing the latter. This combination benefits patients and healthcare providers alike. One of the ways this can be witnessed is in revenue cycle management.
Systems need continuous development to adapt to the ever-changing nature of the healthcare industry. What is revenue cycle management development bringing to the table? Many entities are working towards the improvement of how the process is carried out and its adaptation to the emerging needs of the modern world. To realize these goals, they pinpoint aspects which they can improve on. Healthcare Finance, a website providing information on the challenges faced by both healthcare patients and providers, pointed out how majority of providers haven’t yet taken the steps in transitioning to a value-based purchasing model.