Trends in Revenue Cycle Management
Financial Transparency: A Patient-First Approach
Join us for a Masterminds discussion on Tuesday, December 12th, at 11:00 AM PST.
Guest Speaker: Kevin Taggart, CM&AP, Managing Partner of Mertz Taggart
Trends in Revenue Cycle Management
Financial Transparency: A Patient-First Approach
As telehealth gains popularity, behavioral health institutions are expanding geographically, altering the landscape of revenue cycle management (RCM). The complexity of RCM has increased due to diverse payer types entering the revenue stream. While private payment remains common, navigating the unique regulations of private insurers, Medicaid, and Medicare poses challenges, intensifying with the growing volume of services.
Erin Burke, the CEO and founder of Hansei Solutions, and Thomas John, the founder and CEO of Plutus Health, provide insights into the evolving dynamics of RCM in behavioral health. The great resignation has shifted RCM leaders' priorities to safeguarding income and optimizing efficiency. A shortage of administrative and clinical personnel exacerbates staffing challenges.
Summary of Covered Topics:
Scheduling Tasks and Adopting New Technologies
Wellness vs. Value-Based Care Approaches
Addressing Talent Shortages
Outsourcing Strategies
Ensuring Cybersecurity
Enhancing Profitability through Strategic Financial Management
In the context of significant innovation and change in healthcare, RCM leaders are urged to adopt innovative techniques, influencing the revenue cycle. The interview explores major RCM trends in behavioral health amid this transformative period.
Take a Listen:
Learn More:
https://hanseisolutions.com/rcm-trends-in-behavioral-health-a-glimpse-into-the-future/