Are you thinking of outsourcing your billing and revenue cycle? Well, you're not alone — A recent Black Book Market Research survey reveals a sharp increase in clinical outsourcing partnerships due to the pressures of value-based care reforms - black book method. The survey said the top two reasons for outsourcing services are cost savings/avoidance (selected by 85% of respondents) and the expertise of the outsourcing vendor (72%).
For some, that means beginning with fully outsourced billing services and transitioning later to in-house billing once the team and the processes to handle these critical functions are in place. For others who have been handling billing services in-house for years, it can make sense to outsource their billing so that they have more flexibility in managing staffing and other related expenses.
According to the survey, 90% of hospital leaders are continuing to evaluate whether to work third-party vendors for cost-efficiencies in both clinical and nonclinical functions and allowing hospitals to focus on value-based programming. Outsourcing technology, financial services, and facilities management services have been long established ways for hospitals to transfer day-to-day administration of noncore functions to outside vendors - black book method.“For hospitals in financial danger with margin pressures placing the entire hospital workforce at risk, positively attacking margin by outsourcing one or more areas can actually save jobs in other core departments,” said Doug Brown, President of Black Book Research - black book.
The XIFIN outsource billing team uses the best practices XIFIN has developed working with many of the nation's leading labs (black book research). XIFIN brings this collective intelligence to each outsource client's processing or claims to minimize denials and optimize cash collection (black book market research findings). XIFIN outsource clients have the flexibility to move between delivery options should their business needs change.
Likewise, a current in-house XIFIN RPM client may choose to move to the outsource service model if they need more flexibility in their staffing.Black Book Research has ranked XIFIN No (black book market research) (black book research). 1 in 2019 for laboratory support and RCM outsourcing. According to survey authors, organizations are doing a much better job in assessing the need for outsourcing and selecting appropriate outsourcing vendors, but many executives still fail at managing the outsourcing relationship through critical clinical, financial and operational performance indicators.“It is a matter of finding the right company to partner with,” said Brown.
As we collectively battle the COVID-19 pandemic, customer care is an even bigger consideration PORTLAND, Ore. (PRWEB) June 23, 2020 Capsa Healthcare announces it has been named the top provider in client satisfaction for computing workstations by health IT market research organization Black Book. The recognition is in-step with Capsa’s ongoing focus to provide world-class technology, tools and support for clinicians on the front lines of healthcare today.
“Capsa stakes its reputation on creating solutions to help our customers deliver excellence, every day. As we collectively battle the COVID-19 pandemic, that is an even bigger consideration - black book. Now more than ever our top priority is helping clinicians safely, effectively, and efficiently care for their patients by responding to their evolving needs.” Capsa Healthcare provides an extensive portfolio of mobile computing workstations, wall mount solutions, and medical carts for use in hospitals and other care settings.
Our highly respected product lines include the M38e, the most proven point-of-care computing cart produced; CareLink nurse workstations with onboard communications, steering assistance, and N-Sight intelligent platform for proactive cart fleet management; and SlimCart documentation carts for simple workstation needs. Black Book Market Research is the premier provider of competitive intelligence, market research, opinion mining, sentiment analysis, services evaluation and strategic consulting services.
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