Revenue Cycle Value Based Care
5 strategies to improve your organization s financial strength.
Revenue cycle value based care. Mackenzie bean monday march 5th 2018 print email. With the impending move from volume fee for service to value based outcome payment models all healthcare organizations from independent physician practices to large hospital systems to. Revenue cycle management in the value based era. With a value based care system the revenue cycle can get a little muddy since it s more difficult to translate fees based on the quality of care rather than set fees for specific services.
Mips and value based care are changing reimbursement rules. Healthcare moves into the new era of value based payment and rcm leaders are moving forward to meet it. Is your revenue cycle ready for value based care. Call 855 685 3292 get in touch client portal.
Value and quality based reimbursement contracts are becoming more common making the revenue cycle ever more complex and potentially squeezing margins. The transition from fee for service to value based care reimbursement has serious implications for healthcare revenue cycle management. As the healthcare industry shifts to favor value based care hospitals and doctor s offices still need an effective revenue cycle to ensure payment and collection of fees. What is the solution.
Next generation revenue cycle management for value based healthcare download pdf given the pace of change in the contemporary healthcare marketplace ensuring that you re keeping a tight rein on your spending claims and collections is more important than ever. This can make a revenue cycle slower and less efficient. Covid 19 has decimated fee for service ffs revenue. Thinkstock july 15 2016 not only do value based care models aim to make healthcare providers more accountable for the services they provide to patients but they are also designed to shift financial accountability away from payers to healthcare organizations.
It s a whole new ball game. To succeed your revenue cycle build on old skills to master mips and value based care. The entire landscape of revenue cycle management is changing now as u s.