Healthcare Revenue Cycle Management
Welcome to our article on healthcare revenue cycle management. In today’s healthcare landscape, efficient billing and collections are essential for the financial well-being of healthcare facilities. Revenue cycle management (RCM) is the process that tracks patient care episodes from registration to final payment. It involves managing administrative data, such as patient information and insurance coverage, […]
Economic Impact of Telemedicine
Telemedicine has emerged as a transformative force in the healthcare industry, revolutionizing the way services are provided and accessed. With its potential to enhance healthcare efficiency and improve patient access, telemedicine is making a significant impact on the economy. By harnessing the power of technology, telemedicine challenges the traditional model of in-person appointments, allowing patients […]
Healthcare Price Transparency
In today’s healthcare landscape, understanding healthcare costs is crucial for making informed decisions about our health. Price transparency plays a vital role in empowering patients and enabling them to compare prices for different healthcare services. Since 2021, federal law requires hospitals to publicly post information about their standard prices and negotiated discount rates for common […]