The Meduit Innovation Lab Blog

Outsourcing for Effective Hospital Client Solutions, A Best Practices Guide for Healthcare Consultants

Posted by Meduit RCM on Oct 26, 2021 8:34:03 AM

Hospitals, health systems and physician groups are facing unprecedented financial challenges due to the impact of COVID-19. Healthcare consultants are in a key position to help these providers with strategies and solutions that empower them to recover financially and build a sustainable model for the future.

The right revenue cycle management (RCM) solutions and tools are central to a provider’s financial health. This is where Meduit can help. We provide consultants with a full suite of outsourced healthcare RCM solutions that are just right for hospital and health system clients.

Meduit has just published a new issue brief, Healthcare Consultants and Revenue Cycle Management: A Guide to Building Effective Hospital Client Solutions, to help consultants deliver state-of-the-art sustainable results. The issue brief includes in-depth strategies and real-world examples such as the one illustrated below to help consultants provide the best direction to clients.

One hospital improved its collections from 13% to 20% by leveraging AI tools that were easily integrated into the existing RCM operation. A patient financing program was also activated, delivering zero- to low-interest plans that drive patient payments.

In the example above, the healthcare consulting partner realized account relationship and financial upside across the successful implementation of this multi-product solution.

Click here to download our new issue brief and learn more about how partnering with Meduit can help you drive your clients’ success.