While value-based care promises benefits for patients, organizations are taking on more financial risk. To stay afloat, many must rethink their entire approach to revenue cycle management.
Some providers have met the challenge by fully outsourcing claims management. However, this is far from the only viable option. In fact, some see a hybrid billing model as the best choice. It allows organizations to be hands on while still freeing up resources to focus on care.
For this strategy to work, practices must emphasize staff training and communication. Education is key in ensuring that these models function efficiently. Make sure your staff is aware of their responsibilities and how to execute them.
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