Cycle Up

Meduit is one of the nation’s leading revenue cycle solutions companies with decades of experience in the RCM arena, serving 1,000 hospitals and large 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 https://www.meduitrcm.com/about

Welcome to the June 2023 issue of Cycle Up. Did you know that when it comes to revenue cycle management (RCM), many hospitals, health systems and physician groups fall for the trap of targeting low-cost vendor solutions to save money in the short run? Unfortunately, this strategy ends up costing exponentially more in the long run. Let’s take a look at why this is so.

While 2022 was the worst financial year in history for hospitals, health systems and physician groups, the good news is that there is no better time than now to recover missed revenues. In fact, most provider organizations are owed millions of dollars that they either are not aware of or don’t have the staff and technology to recover.

Resolving accounts receivable in a timely manner to maximize revenues is a common challenge among healthcare organizations. That was the case with the University of California San Francisco (UCSF) – Marin Health.

Hospitals and health systems continue to struggle with staffing and revenue cycle challenges in the post-COVID-19 era. Children’s Hospital of Orange County (CHOC) CA is no exception. CHOC leadership wanted to explore how artificial intelligence (AI) could:

In each edition of Cycle Up, we sit down with one of the leading voices in the company. In this issue, we’re talking with Sidonie McDaniel, Vice President of Revenue Cycle Operations, to discuss Meduit’s commitment to investing in and continually innovating its insurance line capabilities. Sidonie is an avid reader, and in her spare time, you’ll find her participating in her book club. A former college athlete, she also coaches boys’ basketball and enjoys spending time with her four grown children and grandson and is looking forward to another grandbaby on the way.

Since 2009, Meduit has been an Endorsed Partner to TORCH (Texas Organization of Rural and Community Hospitals) Management Services, Inc. (TMSI).

Meduit has won the Platinum prize for digital magazine Cycle Up in the Hermes Creative Awards competition for advertising and marketing.

Comprehensive Consumer Data Privacy Laws

As the 2023 state legislative sessions kicked off, nearly 140 bills were introduced across the nation for consideration. Each of these bills would institute different layers of privacy changes. Of those, 25 called for comprehensive consumer data privacy changes. The trend continues to grow each year with a push toward the institution of these sweeping laws in more and more states.

Meduit’s recent webinars explore the right mix of self-service with full-service solutions to maximize patient reimbursements. You can watch the webinar recordings of An Examination of Self-service vs. Full-service Patient Billing here: