A Meet the Boss virtual roundtable in partnership with Tata Consultancy Services
Healthcare providers are hemorrhaging money and hurting their patient’s health outcomes because of their defunct revenue cycle management processes. Put simply, it comes down to outdated systems and low adoption of automation and analytics.
According to Tata Consultancy Services, healthcare providers are impacted by high claim-denial rates of almost 10-15%. This is primarily due to improper registration and eligibility verification, missing data, and pre-auth errors. Naturally, this leads to revenue losses, extended A/R cycle of over 90 days and thousands of lost hours in additional administrative work and appeals.
Healthcare providers need to intelligently apply technological advancements and innovation to reimagine this vital lever for profitability and enable better patient health outcomes.
Join Tata Consultancy Services and a select group of your industry peers to discuss the challenges of revenue cycle management, and how they are leveraging battle- tested digital transformation services to create efficient, value-based care services.
Thought Leader Magna Hadley is a Vice President with TCS and serves as the Global Healthcare Advisor. She… Find out more
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