Recently in an article published in RevCycle Intelligence, and based on a 2022 PatientPay study, there were some key findings that I thought were worth sharing. This post will highlight some of what the study revealed and should prove insightful for anyone with an RCM project on their radar, as well as those thinking of simple steps that can be taken to further optimize their RCM efforts in both qualitative and quantitative ways.
CBOSS is proud to partner with many leading companies who offer class-leading and customer-centric services. With the help of our expert partners, we can provide a unified solution that puts the needs of our clients at the forefront of everything we do.
We are all stronger when we provide a unified front that puts the needs of our clients at the forefront of everything we do. This is why we are introducing CBOSS Partner Solutions, to recognize, support, and promote our partners more formally.
If you are lucky, you enjoy a dedicated staff working to interact with patients for your practice. They cannot, however, be in your office 24-hours a day, 365 days a year. For collecting payments, this is an issue. We now live in a world where we need to meet patients where they are, and when they are available.
IVR technology for healthcare organizations allows patients to interact with an automated system over the phone to do things like make a payment 24 hours a day, 7 days a week, without needing to interact with a live agent. They might also, for example, check their payment plan status or hear their current balance.
One of the biggest mistakes a healthcare organization can make is assuming all their patients are active and engaged with their own care. Tools that allow a healthcare organization to effectively communicate with their patients are a key part of keeping patients involved and informed about their care, and their financial responsibilities.
A simple way to envision what a payment gateway is to think of it as a funnel, a funnel for revenue collection that both mirrors our business processes and reflects how clients and consumers expect to make payments in the most secure and convenient methods possible.
At CBOSS, we take compliance seriously. In healthcare, this not only applies to the Payment Card Industry Data Security Standard (commonly referred to as PCI-DSS) compliance, but also those requirements surrounding HIPAA as well. We’ve previously discussed the nuances of PCI-DSS in an earlier blog series, so feel free to refer to that for a detailed look at how to prioritize PCI. In this post, we’ll examine HIPAA, its role in protecting healthcare data, and finally its inherent importance surrounding you and your payment gateway.
