Thought Leadership: How to Improve Practice Performance through Revenue Cycle Management

Specialty community practices are facing a number of challenges to their practices’ financial stability and success: increased staffing shortages, ever-changing payer contracting requirements, and longer times in Accounts Receivable (AR). No physician went into medicine to manage AR and very few practice managers enjoy spending all of their time on billing matters.

Increasingly, practices need to identify a way to catch up and get ahead of their claims processing and billing—quickly and without taxing existing resources. Revenue cycle management (RCM) is a holistic approach that can compliment practices’ existing staff to improve operations, financial performance, and practice patterns.

Hear from practice leaders on the reasons they chose to evaluate an RCM vendor, their experience and tips that every specialty community practice needs to consider as they work to manage their revenue cycle.