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Harnessing the power of these tools is often difficult for provider organizations with the increasing interaction of billing software, EHRs, clearinghouse integrations, and add-on tools. A CIO should keep a watchful eye on their technology solutions' interoperability to realize their maximum benefits and efficiencies.
Fremont, CA: In order to ensure the effective use of revenue cycle management technology, there must be strong communication between CIOs, CFOs, and other healthcare. They also need to work together to make sure peak conditions for their rev cycle systems. Poor RCM performance can lead to lost revenue, which is the last thing any healthcare organization would want.
The importance of interoperability
Today's revenue cycle professionals are challenged with a growing entanglement of government regulation and payer policies. Fortunately, innovation is giving birth to solutions that are helping in eliminating manual processes and decrease the labor costs required to submit a clean claim and receive timely reimbursement.
Harnessing the power of these tools is often difficult for provider organizations with the increasing interaction of billing software, EHRs, clearinghouse integrations, and add-on tools. A CIO should keep a watchful eye on the interoperability of his or her technology solutions to realize their maximum benefits and efficiencies.
For most provider organizations, an amalgamation of cloud APIs and interfaces creates the main challenge to achieving true interoperability within their revenue cycle systems. The lack of true interoperability increases the administrative burden of healthcare delivery. It is imperative that CIOs consider the impact of each individual software application as well as the feasibility of true integration.
Technology that meets the most requirements
Every revenue cycle organization should choose a core solution that can be utilized to its maximum potential. Finding a core solution that meets the highest number of requirements with maximum efficiencies would streamline workflow as well as improve reimbursement. Sometimes, this core solution will be the tool through which claims are submitted, charges are entered, payments are made, and client reporting is generated.