Helping Streamline Healthcare Revenue Cycle
Today’s healthcare revenue cycle management strategies have been streamlined to a great extent, by the EHR systems and Health IT. These technology innovations have also played a major role in providing more accuracy to the healthcare revenue cycle. Several organizations across the globe have come to depend on healthcare IT for tracking claims, addressing denials and collecting payments, thereby facilitating a steady stream of revenue.
With the healthcare industry transitioning to new payment models, more and more hospitals have started investing in healthcare revenue cycle management technologies. This has proved especially useful for handling the traditional fee-for-service claims as well as the more recent value-based reimbursement arrangements.
Considering the predicted investments in healthcare revenue cycle management software and services to grow by approx. 15.51% over the next couple of years, Connvertex leverages its domain expertise, to provide solutions that can help streamline the revenue cycle management process for businesses to a great extent.