Many hospitals believe they are running their revenue cycle at maximum efficiency and that their claims management processes are optimized for top performance. But, the regulatory and economic environment is changing. And, you have to ask yourself, Are my current efforts going to be enough to succeed as the landscape changes in the future?
As reimbursement continues to decrease and patients’ financial responsibility continues to grow, you need to push the limits of your performance to identify opportunities to find more cash and more efficiencies in the claims process and across the entire revenue cycle.
In one of our recent webinars, Accelerating Service-to-Payment Velocity, we asked attendees in a live polling question what would help them most in getting clean claims out faster. The results were close between Better workflow capabilities and Stronger editing capabilities.
These results provide insight into what your peers believe are high-level opportunties for improvement.
However, one of the least chosen answers may actually hold some of the biggest opportunities for pushing the limits in claims and revenue cycle performance:
Using current, easily attainable, and trustworthy claims analytics tools can help you pinpoint and prioritize - by dollar impact - the best and most profitable areas for focused improvement efforts.
There is more opportunity to improve your claims and revenue cycle processes using claims analytics. You can learn how to use claims analytics with the “Accelerating Service-to-Payment Velocity” pre-recorded webinar.
Learn more about RelayAssurance™, a claims management system with proven editing capabilities, fully integrated Medicare claims management, efficient workflow, and comprehensive reporting and analytics.