BC Advantage - 2016 Issue 3

Medical Practices: Their Growing Complexities and Solutions

It is a given that the practice of medicine is more complicated today than ever. The complexity is increasing due to the lightning-fast changes that are occurring with advancements in medical treatment options and new protocols emerging from continuous research. However, the complexities are not only increasing exponentially relating to the scientific side of medicine. The "Business" side or the Revenue Cycle (RCM) processes that allows your practice to pay its bills has its daily challenges as well. Less than a decade ago, the RCM process consisted of sending a bill to the appropriate third party who covered the...

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