Feb 12, 2013
From the Healthcare & Life Sciences Institute
Healthcare providers face a reduced level of reimbursement as a result of new payment models, health system consolidations, accountable care and the advent of healthcare exchanges.
For this reason, management across the provider landscape is not only focusing on cost reduction, but also assessing revenue cycle performance. Ninety-five percent of executives in a 2012 KPMG survey said improving revenue cycle management is a key step in making money on Medicare, which reimburses at 20 percent below current commercial rates.
This publication provides some key steps to developing a margin-enhancing operational revenue cycle model while considering the patient experience.