Nine out of ten health systems report revenue losses in outpatient services due to poor Revenue Cycle Management.

Nine out of ten integrated health systems are reporting revenue losses in their outpatient services due to ineffective Revenue Cycle Management (RCM) systems. A survey by Black Book Research, involving 772 business office leaders, found that outdated RCM systems lead to higher denial rates, delays in reimbursement, and significant revenue losses in services like labs, diagnostic imaging, and home health. The report highlights the need for specialized RCM solutions, with top vendors including EnableComp, Optum360, and XiFin, to improve financial sustainability.

November 18, 2024
6 Articles