Sunday, October 4, 2015
Hospital Revenue Cycle Management—Time is Now for Value-Based Systems
The need to transition to a value-based payment system has turned the traditional healthcare reimbursement model on its head. In a recent Healthcare Finance article, KPMG—one of the largest professional services companies in the world—announced that 74 percent of healthcare providers are now in the beginning stages of investing in the method. Joe Kuehn, advisory partner at KPMG's healthcare & life sciences practice, mentioned this in a statement. ""It has never been more crucial for providers to prepare their finance departments to address the demands that new care delivery models, such as accountable care organizations and alternative payment arrangements, will present as the industry moves away from fee-for-service reimbursement mechanisms.