Revenue Cycle Management: Streamlining Billing In A Post-Crisis Era

In early 2019, our team discussed the changes in revenue cycle management needed for value-based reimbursement. As we explore cash management strategies in the August 2020 issue of The OPEN MINDS Management Newsletter, I thought these strategies would be relevant to share again with our readers, as streamlining billing and collections is a critical aspect of cash management.

We released the results of the 2019 Performance Management Executive Survey which found that 69% of organizations are participating in alternative payment arrangements and 58% of these organizations are recognizing revenue from these arrangements (see VBR @ Scale—Changes Required and Where . . .