The Financial Case for EHR/RCM Integration
Most discussions of “data liquidity” in health IT focus on the ability to share data across the healthcare delivery system for better care coordination. At the individual provider organization level - and especially in the face of the transition to ICD-10 - there’s also much to gain by realizing data liquidity among mission-critical systems.
By tightly integrating electronic health record (EHR) and revenue cycle management (RCM) systems in a clinically driven RCM model, provider organizations can realize tremendous gains in financial performance by optimizing revenue streams directly at the point of care, maximizing and speeding reimbursement, minimizing denials and streamlining the collection process.
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