6 Healthcare Revenue Cycle Management Systems To Watch
November 09, 2012 09:06 AM 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.
GE Healthcare Centricity Revenue Cycle Management
GE Centricity Business says its RCM product provides "a flexible system design, scalability and rich functionality while infusing providers' financial operations with quality and efficiency."
Customer feedback has resulted in a greater focus on open connectivity, smart workflows and standards-based architecture that the company says allows customers to create a complete clinical and financial environment where they can seamlessly connect to any EMR or outside to the community.
The system is designed to help healthcare organizations address regulatory challenges such as EDI 5010, prepare for ICD-10, and stay ahead of evolving payment methodologies associated with ACOs. Centricity Business acknowledges that larger healthcare organizations require enterprise-ready revenue cycle tools across their continuum of care.
Centricity boasts an integrated inpatient and ambulatory revenue cycle management across multiple locations. It also supports multiple reimbursement models, including fee-for-service, capitation, bundled payments, pay-for-performance and shared savings for accurate reimbursements and higher profitability. Its automation of the revenue cycle helps improve an organization's performance in key metrics such as accounts receivable days outstanding, said Centricity.
Among Centricity Business's customers are Sharp Healthcare, Healthcare Partners, and Orlando Health.