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The True Value of Using a Revenue Cycle Management (RCM) Service
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This white paper will be most helpful for those at medical practices who are deciding whether to switch away from in-house billing in favor of a revenue cycle management (RCM) service.
This white paper explains what you can expect from a full RCM service provider — from services to outcomes for staff to cost savings.
Those who are worried about using an RCM service, or skeptical of the benefits of outsourcing their billing processes, will find answers to their questions and concerns. The white paper does a good job explaining how RCM can have a positive influence on a practice.
Discussion of specific benefits such as the reduced number of tasks assigned to staff and the elimination of software expenditures help readers grasp the real-world impact of RCM.
The final part of the paper uses a theoretical scenario to show how much a practice could expect to save by paying for an RCM service. The costs used, while assumed, are thoroughly grounded in realistic numbers and explained so the reader can understand them.
This white paper will be a helpful guide for any practice weighing whether to use a third-party RCM specialist. While it doesn’t cover areas like how to address common objections to outsourced billing, the framework provides background information that highlights the exact ways in which RCM would benefit an organization.