Strengthening Revenue Cycle Management to Support Healthcare Transformation
Since the HITECH Act under the ARRA in 2009 was passed, healthcare providers have expended time and resources largely on meeting meaningful use requirements of their EHR systems in order to receive federal incentive dollars. The passage of the Patient Protection and Affordable Care Act (ACA) in 2010, however, started to bring attention to healthcare providers’ financial systems. With ACA – on top of changing market trends, continued cost pressures and reduced reimbursements – healthcare providers will need to do more, as RCM transforms into cost cycle management, which includes cost accounting, operational budgeting, strategic product budgeting and labor productivity. Read this white paper to learn how the ACA – in addition to the ICD-10 conversion – has impacted RCM systems and what your organization can do to overcome these challenges.
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