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Medical Billing

Exploring the Automation Labyrinth: Transforming Revenue Cycle Management (RCM)

The rapidly evolving nature of the healthcare industry has underscored the importance of Revenue Cycle Management (RCM) in maintaining financial stability for healthcare providers. Automation stands as a critical determinant in optimizing RCM processes and confronting associated challenges. Automating RCM processes effectively diminishes manual intervention, curtailing processing errors and augmenting operational efficiency. Automated workflows and resource…

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Current Patterns in Revenue Cycle Administration

Following the financial challenges in the healthcare sector in 2022, many healthcare systems are grappling with the task of creating a profitable revenue cycle. According to Becker's Healthcare, costs have surged while revenue growth dipped to 5.1% last year from 11.3% in 2021. This has led healthcare systems to search for methods to optimize their…

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