This episode features Tara Bogart, Vice President of Revenue Strategy at PMMC. Here, she discusses her role & services PMMC offers, trends she is watching in revenue cycle management, her focus on leveraging automation, and more.
Summary
Tara Bogart Discusses Revenue Cycle Management Trends and Automation Strategies at PMMC
In this episode, Tara Bogart, Vice President of Revenue Strategy at PMMC, outlines her expertise in healthcare revenue cycle management and her role at PMMC. Bogart provides an overview of PMMC's services and shares her insights on revenue cycle management trends and the importance of leveraging automation to optimize operations.
Improving Financial Performance for Hospitals
Working with hospitals to improve their financial performance, Bogart emphasizes the significance of identifying and collecting under-payments, negotiating better payer contracts, providing patient estimates, optimizing charges, and increasing price transparency. Rather than raising prices to generate revenue, hospitals are going back to basics to streamline operations and improve data accuracy.
The Importance of Automation in Revenue Cycle Management
Automation tools are critical to the success of healthcare revenue cycle management. These tools help streamline operations, improve data accuracy, increase quality of care, better engage patients, and lead to better financial performance. Bogart highlights the importance of modernizing technology in order to generate revenue and drive change in the healthcare industry.
Advice for Emerging Leaders
Bogart shares her experience as a healthcare leader and advises young emerging leaders to embrace change and leverage automation technologies. By doing so, they can improve patient engagement and outcomes, streamline operations, and generate sustainable revenue streams.
Conclusion
Bogart's expertise in healthcare revenue cycle management provides valuable insights into the trends and challenges facing the industry. Her focus on leveraging automation tools highlights the importance of modernizing technology to generate revenue, improve patient outcomes, and drive change in the healthcare industry.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 05/09/2023 and can be listened here.
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