Navigation Links
Cantata Health Releases The Dollars and Sense of RCM Guide

Cantata Health, the provider of Optimum RCM+, a leading Revenue Cycle Management (RCM) and Enterprise Resource Planning (ERP) solution, that improves the health of facilities and their residents through greater patient visibility, operational efficiency, and successful financial outcomes, today released a new white paper, The Dollars and Sense of Revenue Cycle Management. This new resource for healthcare professionals offers insight into the trends, factors, and decision making that goes into purchasing and keeping an RCM solution in acute care environments.

Key insights include:

  • Organizational growth (47%) and increases in claim denials and/or reimbursement delays (43%) were the most commonly cited factors driving interest in purchasing a new financial solution;
  • Improved Accounts Receivable (AR) performance and management and increased revenue cycle efficiency are the biggest expectations for a new RCM software;
  • Strategies and insights into action that can eliminate inefficiencies and allow accurate forecasting are critical to dealing with decreasing revenue trends;

“Our research and other studies in the market show that healthcare finance, accounting, and revenue cycle management professionals not only have buyer’s remorse with the systems they are using, they believe they are less effective in their roles and report an inability to manage and forecast their business because of those systems,” said Ken Miller, Senior RCM Strategy Consultant, Cantata Health. “In addition to continuing to help improve the financial health of more than 250 hospital and long-term acute care facilities that are successfully using our Optimum RCM+ solutions to grow and manage their business, we want to take an active role in sharing insights and ideas across the market – this paper does that.”

The more than 100 hospital finance, accounting, and revenue cycle management professionals that were surveyed for Cantata Health’s white paper offer unique insights into what their experiences have been with their current RCM solution, and what they are looking for from a new RCM vendor.

Other key takeaways from the survey include:

Eliminating manual processes and investing in RCM technology will help healthcare organizations swiftly and effectively respond to the changing industry. As survey respondents pointed out, technology investments are expected to improve financial management while increasing revenue cycle efficiency, reducing claim reimbursement denials and delays, and satisfying staff.

For a revenue cycle management solution to meet consumer expectations, the technology must have the right support behind it. Word of mouth, site visits, and professional recognition are all key to selecting the right technology but working with a vendor who acts as a partner is just as important.

“The business of healthcare is growing more and more complex,” added Miller. “Unlike the incentives that came to adopters of EHR systems, the financial benefits to come from investing in RCM technology are internal. Even though 59% of systems surveyed recently purchased technology, they recognize that they need new and better systems because of the opportunity for increased revenue made possible with efficient and effective technology and personnel.”

To read Cantata Health’s “The Dollars and Sense of Revenue Cycle Management” white paper in its entirety, visit Briefly before the release of the white paper, Cantata Health conducted a webinar also based on the survey findings with Xtelligent Healthcare Media, a recording can be found here:

To learn more about Cantata Health’s solutions for acute care facilities, visit:

About Cantata Health
Cantata Health delivers award-winning software for acute, post-acute, and long-term care (LTC) facilities that is purpose-built to improve the health of the facilities and their patients. Cantata Health’s Revenue Cycle Management (RCM), financial management and Electronic Health Records (EHR) software is configurable to meet the unique needs of each facility or system; provide staff and administrators with greater visibility to patient care across the continuum of care; ensure predictable financial outcomes; improve back-office operations; clinical efficiency; and revenue recovery. Headquartered in Austin, Texas, our team of experts provides uncommonly attentive service and support.

Read the full story at

Source: PRWeb
Copyright©2019 Vocus, Inc.
All rights reserved

Related medicine technology :

1. Cantata Health Reaches Key Milestones in Business Growth
2. Cantata Health Names Elvira Hynds Vice President of Customer Support and Service
3. Cantata Health Names Dr. Timothy J. Giardino Vice President of Human Resources
4. Van Dyk Invests In Key Resources To Prepare For Healthcare Reform
5. Cumberland Pharmaceuticals To Present At The UBS Global Healthcare Conference In New York
6. North America Home Healthcare Market Worth $130.4 Billion by 2017
7. Pentec Health Announces Limited Voluntary Recall of Certain Compounded Prescription Therapies for Renal Patients
8. Physician-Patient Alliance for Health & Safety Announces Four Essentials for Safety for Patients Receiving Opioids
9. The Zacks Analyst Blog Highlights: Genomic Health, Sanofi, Regeneron Pharmaceuticals, Amgen and Isis Pharmaceuticals
10. Wireless Pill Bottle Wins Healthcare Innovation World Cup
11. AcelRx Pharmaceuticals to Present at the UBS Global Healthcare Conference
Post Your Comments:
(Date:2/19/2020)... NJ (PRWEB) , ... February 19, 2020 , ... Drs. ... Artistry Simplified” on March 20, 2020 at The Mansion in Voorhees. The course features ... and when placing dental implants. Dental implants, including All-on-4® full mouth ...
(Date:2/19/2020)... ... February 19, 2020 , ... ... among the best colleges and universities for people with disabilities. , The ... help people with disabilities succeed in higher education. AIC placed in the top ...
(Date:2/15/2020)... ... February 14, 2020 , ... Dr. Ray Lopez, renowned foot and ankle surgeon ... Haute Beauty Network, well known for its exclusive and luxurious lifestyle publication Haute Living, ... newest addition to the Haute Beauty members-only network. , Haute Beauty offers a prominent ...
Breaking Medicine Technology:
(Date:2/21/2020)... ... February 21, 2020 , ... ... from the American Society of Plastic Surgeons (ASPS). According to the ASPS, there ... a 2% increase over the previous year. The American Society of Plastic Surgeons ...
(Date:2/20/2020)... ... February 20, 2020 , ... R3 Medical Training announced its next ... will learn how to perform injections for all large and small joints along with ... from online videos. The best opportunity is to perform injections in a supervised setting. ...
(Date:2/20/2020)... ... February 20, 2020 , ... TMQuotes , a ... next generation API integration functionality which enables agents to take more involved ownership ... TMQuotes was the first white label software-as-a-service (SaaS) to give insurance agents and ...
(Date:2/19/2020)... ... February 19, 2020 , ... ... application deadline for its new Lifestyle Medicine Residency Curriculum (LMRC). The curriculum is ... into medical residency programs. Driven by resident involvement, the curriculum has included ...
(Date:2/19/2020)... ... 19, 2020 , ... In 2017, the EU’s revamped Medical ... that currently govern medical device manufacturers under the Medical Devices Directive (MDD); the ... Major changes from the previous MDD include:, , Elimination ...
Breaking Medicine News(10 mins):