Friday, November 20, 2015
Uncompensated Care and How Revenue Cycle Management Services Help
What is revenue cycle management assistance good for in medical practice? The main function of this is to maximize revenue by reducing cases of uncompensated care – a combination of charity care and potential bad debt. Accumulating uncompensated care is a huge concern across the healthcare industry. This cripples the ability of hospitals to manage expenses as it takes away profits that would have otherwise been used for hospital needs, such as equipment, medications, and other supplies. As a result, they have a hard time providing efficient care, creating a ripple effect from the immediate community to the nation as a whole.