What is revenue cycle management?
Revenue cycle management is the process of tracking revenue from a patient all the way from the scheduling of their appointment through the point when their account is paid in full. In today’s value-based care environment, this process also includes tracking cost and quality data, something that many practices are just learning how to accomplish.
Why is revenue cycle management important?
Without strong revenue cycle management, a practice can face financial difficulty and have a hard time remaining operational. When the revenue cycle management process isn’t working properly, issues can arise that pull the focus of the practice from the patients and into fixing problems on the business end. This ultimately can negatively affect patient health outcomes, causing further issues in a value-based care system that can then end up causing more financial trouble for the practice.
SolutionsHub can help.
At Henry Schein SolutionsHub, we know how important a robust revenue cycle management system is to your practice. This is why we’ve carefully researched and vetted vendors to find the ideal partner to ensure that your practice’s revenue cycle is in perfect health so that your focus can remain on your patients’ care, where it belongs.
Revenue Cycle Management solutions for your growing practice
Focus on your patients.
We’ll handle the rest.
More than 7,000 healthcare providers rely on Henry Schein Hub to select the clinical, financial, and operational solutions that power their practice.
Solutions are evaluated, packaged, and supported by clinical and technology experts who understand the unique demands of healthcare.
Our peer reviewed software and solutions are seamless to implement, and will help your practice run more effectively and efficiently.