Sep 21, 2020

Healthcare Revenue Cycle Management – improving efficiency and profitability of healthcare providers worldwide

Posted In: Healthcare, patient payments Author: Uthaman Bakthikrishnan

RCM in India The profit margins of healthcare providers in the advanced nations range from 2 to 4 percent of revenues. However, by outsourcing the revenue cycle management (RCM) operations, revenues have begun to rise to over 5% consistently for some providers. RCM is the main constituent of the profitability of healthcare providers worldwide. Several […]

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healthcare call center

Mar 15, 2017

7 Tips to Increase Patient Payments in 2017

Posted In: Call Centers, patient payments, VocalRx Author: TCN

For medical practices, patient payments, or accounts receivable, are an indicator financial health. The low or high number of outstanding bills demonstrates how well the revenue cycle is performing. The number also identifies factors in need of improvement. Such elements include patient payment policies and internal collections processes. They also encompass ongoing communication with patients, […]

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