The CFPB’s Impact on Healthcare Revenue Cycle Management
Over the last few years, various regulatory associations have released rules and passed laws that impact healthcare revenue cycle management, especially with regard to collections. In an attempt to protect patients’ privacy, the Consumer Financial Protections Bureau, or CFPB, also limit providers’ options when it comes to recouping losses. This doesn’t mean that you should […]
Revenue Cycle Management: How Hospital Collection Services Can Aid Your Medical Billing Efforts
You were trained to treat people — not perform cash extractions. In a hospital or other medical facility, revenue cycle management, or RCM, determines the business’s profitability. Healthcare finances differ from those of other businesses because clinicians must take extra steps to collect payments. Between submitting claims through insurance companies and billing clients for out-of-pocket […]
