Today’s healthcare climate is pushing providers to be as efficient as possible. Shifting to a model focused on value and quality necessitates healthcare organizations take a much closer look at their operating model, with recognition that what has worked in the past is not necessarily optimal today or in the future. Before organizations emphasize the elimination or reduction of cost from revenue cycle operations, they should design a strategic, overarching plan to understand the full spectrum of options available to them that will drive improved yield and define the impact that these options may have on their revenue cycle operations.
Prashant Karamchandani (PK) is a Principal with the Chartis Group in the Revenue Cycle practice. He has over 17 years of experience combining revenue cycle, strategic planning, business intelligence, technology and he...