6 Healthcare Revenue Cycle Management Systems To Watch
Healthcare professionals look to the latest RCM platforms to help them process patients efficiently while satisfying new regulations. We compare choices in this critical category.
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McKesson's Revenue Cycle Management offers users the ability to model and forecast performance on the fly. The idea, according to McKesson, is to enable providers to assess reimbursement risk under Medicare's Pay for Performance model compared to benchmarks; to model improvement at the detailed indicator level; and to immediately quantify the financial impact.
McKesson's RCM offering is divided into five parts:
-- The Horizon Business Folder, a hospital document management system that provides automation and business process optimization to help organizations manage patient accounting documentation.
-- Paragon Hospital Information System, a Microsoft Windows-based, fully-integrated clinical and financial information system specifically designed to meet the needs of critical access in rural and community hospitals of all sizes.
-- McKesson Intelligent Coding, which optimizes revenue and reduces compliance risk for coding and charge capture in key outpatient areas.
-- McKesson Performance Analytics, a set of tools that turns an organization's data into actionable intelligence.
-- McKesson Revenue Management Solutions, medical billing and practice management services to help improve revenue, lower costs and reduce risks.
InformationWeek Tech Digest, Nov. 10, 2014Just 30% of respondents to our new survey say their companies are very or extremely effective at identifying critical data and analyzing it to make decisions, down from 42% in 2013. What gives?