Hospital revenue cycle management can be like trying to hold water in a bucket with holes in it. When your organization is losing money on small, continuous expenditures or lapses in billing and collection, sealing the leaks can be a challenge.
However, the only way to shift a dysfunctional or overwhelmed revenue cycle into a viable economic system is to address those oversights head-on. This requires painstaking review and some innovative thinking about how your organization manages money.
If you’re trying to stop the leaks in your finance management, one good way to get started is to outsource receivables management. Contact Professional Medical Services today to learn more about how our solutions can optimize the revenue cycle at your hospital, medical center, clinic or other care facility.