Healthcare revenue cycle management.
A majority of healthcare organizations run their revenue cycle management on multiple software tools. Many operate in silos, not connecting with related solutions. Hospital staff are forced to toggle between systems to gather the information they need creating an inefficient revenue cycle in an already complex process. The result is a cascade of data entry and workflow errors that introduce a whole new set of problems and repeatedly trigger the need for additional action. Healthcare providers are overburdened with collections and patient payments, ICD-10 compliance, claims denials and prior authorization also noted as critical. Healthcare leaders are allocating significant budget and spend to improve and optimize their revenue cycle.