Top 4 Benefits Of Outsourcing Healthcare RCM
Your revenue cycle plays an important part in your overall financial success. It also aids in your ability to provide care to your communities.
Here are the top 4 benefits of outsourcing healthcare revenue cycle management.
- DENIAL RATES
The average denial rate drops 3% – 3.5% when managed by a medical billing services company.
- DAYS CASH ON HAND
The average number of days cash on hand increases 30 – 40 days.
- DAYS ACCOUNTS RECEIVABLES
The average net patient accounts receivable (A/R) days reduces 25 – 35 days.
- BLENDED ENCOUNTER RATES
The year-over-year increase in blended encounter rates for third party payers improves by 20%.
Health centers that outsource their revenue cycle management have achieved significant financial performance improvements and have reported a high level of satisfaction. Improved revenue cycle management can provide a financial ground that will allow you to focus on other important aspects of health center operations and management.