Here are five articles published by Becker's Hospital Review this past week that offer insight on improving RCM performance, the final rule for the Medicare Access and CHIP Reauthorization Act and essential skills for RCM leaders.
1. Experts share 3 tips for improving RCM
Three experts shared tips for improving RCM. They advised investing in human resources, engaging clinicians in RCM strategy and connecting with IT teams.
2. CMS releases MACRA final rule: 10 things to know
CMS released the final rule for MACRA, a landmark payment system for Medicare physician fees that replaces the sustainable growth rate formula. The rule finalizes MACRA's Quality Payment Program, which aims to reduce administrative burden on physicians so they can focus on care improvement, promote adoption of value-based care and smooth the transition to these new models of care.
3. Sizing up your RCM software purchase: 6 dimensions to review
A report on SearchHealthIT.com offers six areas to consider before purchasing healthcare revenue cycle software.
4. Advisory Board: Hospital system pricing strategy affects bottom line by up to $40M
Advisory Board surveyed of more than 5,000 consumers and referring physicians nationwide. The survey explores where and how patients search for medical pricing information for shoppable procedures.
5. 3 essential skills hospitals need in RCM leadership
David Boggs, head of WK Advisors, a division of executive search firm Witt/Kieffer, weighs in on the essential skills a hospital or health system needs in RCM leadership to be successful in today's healthcare market.