AIHC publishes MBW’s perspectives on trends in the RCM Industry

AIHC publishes MBW’s perspectives on trends in the RCM Industry

Healthcare providers face growing challenges in Revenue Cycle Management (RCM) as they adjust to an ever-changing industry.

To tackle issues like claim denials and underpayments, they must adopt better processes and new technologies. Recently, the American Institute of Healthcare Compliance (AIHC) shared MBW’s insights, highlighting important trends that are shaping the RCM landscape.

Key-Revenue-Cycle-Trends-for-2022-and-Beyond

1. Emerging Trends in Revenue Cycle Management

The healthcare industry is moving fast toward more patient-focused care and better financial processes. According to Melvin Miller, COO at MBW, key trends like automation, coding accuracy, and recovery strategies are changing how RCM works. These changes are helping healthcare providers handle challenges more effectively.

Accounts Receivable (A/R) Automation

Many healthcare providers are now using automated tools like AI-driven chatbots and portals to manage A/R processes. As a result, these tools make it easier to track claims and handle denials. Moreover, using data-driven analytics allows organizations to customize appeal strategies, improving the chances of recovering revenue. For example, providers using AI-enabled A/R tools have reduced claim resolution times by 30%, helping them avoid financial delays.

2. The Role of Technology in Revenue Cycle Management

Technology is playing a major role in improving RCM workflows. Tools like robotic process automation (RPA) and artificial intelligence (AI) are simplifying repetitive tasks and lowering errors. These technologies also provide real-time updates, helping providers stay on top of their claims. In addition, healthcare organizations using RPA for claims filing report 15–20% higher reimbursement rates, which supports their financial goals.

3. Improving Patient Experience in Revenue Cycle Management

Patient satisfaction has become an important goal in RCM. Today’s patients want detailed bills, clear payment options, and transparency in costs. Implementing tools like patient portals has helped many organizations improve communication and boost trust. According to recent studies, healthcare providers using these methods have seen a 25% increase in patient collections, making it easier to manage revenue while supporting patients.

4. Strategies to Address Underpayment Challenges

Underpayment is one of the biggest challenges in healthcare RCM. To deal with this, organizations need to conduct frequent claim audits and review payer contracts regularly. In many cases, outsourcing RCM functions to skilled service providers ensures faster resolution of underpayment issues. This approach not only helps recover lost revenue but also allows providers to focus on delivering quality care.

5. AIHC and MBW: Collaborative Insights on Revenue Cycle Trends

MBW’s contributions to AIHC’s blog emphasize the importance of teamwork in overcoming RCM obstacles. By adopting tools and methods that support collaboration, healthcare providers can address challenges such as denials and underpayments. For further details on these insights, read the full article on AIHC’s blog.

Conclusion

The healthcare industry is undergoing significant changes in Revenue Cycle Management. By embracing automation, improving patient-focused processes, and addressing denials proactively, healthcare providers can stay financially strong. MBW’s collaboration with AIHC highlights practical strategies to navigate these shifts. To learn more about how Medical Billing Wholesalers can help improve your RCM processes, contact us at info@medicalbillingwholesalers.com or visit Medical Billing Wholesalers.

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