5 key elements to revenue cycle management in home health & hospice
Effective home health and hospice Revenue Cycle Management (RCM) allows you to maintain financial stability, so you can reinvest in growing your agency and serving your patients. Key components to a healthy revenue cycle management cycle include first pass clean claim rates, faster turnaround on claims, quick resolution of ADRs and denials, and tight follow-up and reconciliation processes. Having an effective RCM program can often be the difference between a thriving agency and one that is sinking fast.