Healthcare is the business of healing. However, outpatient facilities must still operate as an actual business and remain profitable in order to keep the doors open.
But the times are changing, and the way that the clinical, financial, and operational sides of healthcare – as well as the key stakeholders – intersect with each other must evolve as the volume-based fee system transitions into a value-based one.
[Editor's Note: This content was originally posted on SourceMed's blog.]
For outpatient healthcare facilities, one thing is for sure: you have to be ready and willing to change, too, in order to remain viable, relevant, and above all, profitable. But this change doesn’t have to be scary. By focusing on some relatively new advancements in system interoperability and data sharing, you can change your revenue cycle management (and your patient experience) for the better.
Over the course of several articles, we’ll explore how you can strengthen revenue cycle management with this new world of digitized data. But let’s start with the basics: what’s changing.
- The Old Way: Paper-Centric
- The New Way: Patient-Centric
- Data and the Future
To learn about these concepts, read the full article here.