As we step into 2024, regulatory agencies and legislators are pushing out numerous rule proposals and bill introductions for consideration. It is not surprising that medical debt and collections are a key area of discussion with focus on items such as Artificial intelligence (AI); Privacy / PHI data storage; pre-recorded messaging; and digital content, including text messaging, emails, and chats.
Is your hospital taking advantage of innovative tech-driven solutions to stabilize finances and achieve economic resilience? The right tools can maximize your revenue cycle, drive efficiency and resolve accounts faster to accelerate needed cash.
In each edition of Cycle Up, we sit down with one of the leading voices on the Meduit team. In this issue, we’re talking with Jason Petrasich, Sr. V.P. of AI for Meduit, to talk about AI and its power to solve revenue cycle challenges and accelerate cash.
Meduit’s Net Promoter® Score (NPS) for 2023 is in, and we are proud to report Meduit has achieved a rating of 62. To compare, other companies received these scores:
Did you know you can test the health of your hospital’s revenue cycle in just 1 to 2 minutes compared to your peer of similar size? Find out how your healthcare organization compares with national peer averages now. https://www.meduitrcm.com/calculator/
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Meduit is one of the nation’s leading revenue cycle solutions companies with decades of experience in the RCM arena, serving more than 1,100 hospital and physician practices in 48 states. Meduit combines a state-of-the-art accounts receivable management model with advanced technologies and an experienced people-focused team that takes a compassionate and supportive approach to working with patients. Meduit significantly improves financial, operational and clinical performance, ensuring that healthcare organizations can dedicate their resources to providing more quality healthcare services to more patients. For more information, please visit www.meduitrcm.
On Friday, September 22, the Consumer Financial Protection Bureau (CFPB) announced it has begun the rulemaking process to “remove medical bills from Americans’ credit reports.” For more than a year now, the CFPB has taken aim at the Fair Credit Reporting Act (FCRA) slowly chipping away at legal, proper practices of the nation’s healthcare providers and their partner collection agencies with false and misleading claims.