Executive Briefings | March 25, 2013
Getting Paid For What You Do
What cycle can either maximize revenue, or leave organizations barely functional? The answer is revenue cycle management (RCM), and when done properly, this allows health and human service organizations to identify best practices for getting paid for services, and identifying "issues" in this process early, instead of "down the road." Here are the eight fundamentals of RCM:
Intake – No plan can work without data, and the input that organizations collect up-front can pay big dividends later down the road. Starting with initial contact, organizations should seek as much information as possible from the consumer, including demographic data and insurance . . .