Work with, monitor your vendors via co-sourcing
from Becker's Hospital CFO Report
Hospitals and health systems should consider co-sourced revenue cycle management partnerships as an alternative to traditional outsourcing, advised Nancy Lopez, senior business relationship manager at RCM provider BillingParadise. Under a co-sourcing arrangement, healthcare revenue cycle leaders would work with an outside revenue cycle vendor to improve RCM performance, denials, accounts receivable and other processes.
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