What We’re Reading: September 2023
Noteworthy news and analysis selected by Cloudmed RCM experts
Vendor Overload: Is Paring Down in Rev Cycle Imminent?
HealthLeaders | August 31, 2023
Is the revenue cycle automation and technology boom at risk of ending soon? Some argue that having a mixed-bag of bolt-on vendors in back-end RCM may seem like the right decision to industry leaders, but the complexity of vendor management may not be worth it for some—especially as the industry trends toward larger, all-encompassing options.
Exploring Front-End Revenue Cycle, How to Optimize Its Performance
RevCycle Intelligence | August 29, 2023
Staff education is one key strategy for optimizing front-end revenue cycle performance. Other recommended strategies include automation, data sharing within IT systems, self-service and patient portals with pre-registration, digital payment options, and automated insurance verification tools.
Payer Processes, Federal Policies Challenging Hospitals: RCM Firms
Modern Healthcare | August 29, 2023
Each year, Modern Healthcare’s Revenue Cycle Firms Survey asks companies about the state of the industry and what they predict for the future. Here are five takeaways about the sector and the services clients are looking for.
2024 CPT Code Set Released: 5 Key Takeaways
HealthLeaders | September 13, 2023
The AMA recently released its 2024 CPT code update, including hundreds of new codes and a push for more inclusivity for certain patients. Five key takeaways include:
- The AMA is taking steps to improve accessibility for Spanish-speaking patients.
- There are over 300 updates to the code set.
- COVID-19 immunization codes have been added.
- RSV immunization codes have been added.
- Clarifications in E/M services reporting were made.