With healthcare organizations continuing to experience the pressures of rising operating costs and slower or lower rates of reimbursement, outsourcing revenue cycle management (“RCM”) functions might be an attractive, cost-effective option for labor-intensive and repetitive tasks. Considering the large human capital costs of recruiting, hiring, training, retaining, and managing, revenue cycle outsourcing can be a worthwhile alternative for healthcare providers, particularly in labor markets with skilled workforce shortages.
Read the full article: Navigating Revenue Cycle Management: Three Benefits of Outsourcing in Healthcare //
Source: https://www.fticonsulting.com/insights/articles/navigating-revenue-cycle-management-three-benefits-outsourcing-healthcare