Key Considerations for Revenue Cycle Management Outsourcing On-Demand Webinar (9/11/2018)
There has long been a debate among healthcare providers about whether it is wise to outsource some or all of revenue cycle operations to third-party experts who specialize in optimizing financial and operational performance. Although the debate continues, perspectives are changing as organizations must manage shrinking margins, the rise in administrative spending, and balance fee-for-service and value-based care payment models. This webinar will discuss the role outsourcing plays in today's revenue cycle and how has it evolved over the past five years.
Learn about market pressures that would drive organization to partner with an outside vendor for RCM, what areas of the revenue cycle make the most sense to outsource and the importance of taking on shared risk with a technology partner.
Learn about market pressures that would drive organization to partner with an outside vendor for RCM, what areas of the revenue cycle make the most sense to outsource and the importance of taking on shared risk with a technology partner.
Description
- Understand how rising administrative costs, consumer driven health plans and the balancing of evolving payment models are forcing providers to drive clinical and financial inefficiencies out of their processes
- Learn what to look for when considering a partner for revenue cycle management
- Review critical vendor partnership guarantees to consider - stronger financial performance, modernization, streamlined operations, employee retention
- See how revenue cycle outsourcing allows for greater investment in improving the patient experience and providing quality care
- Review what a provider path looks like when outsourcing vs managing revenue cycle improvement initiatives internally