| | October 20186UTLOOK Healthcare Tech CIOReview's circulation is audited and certified by BPA International (Audit Pending). Copyright © 2018 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.OCTOBER - 01 - 2018October - 01 - 2018, volume 04 - 14 Published by ValleyMedia Inc. To subscribe to HealthcareTech OutlookVisit www.healthcaretechoutlook.com Managing EditorAlex D'souzaEditorial StaffSalesEmail:Joe PhilipSandeepa MLaura PintoTenzin ChogkyiVisualizerAR RamjithBroomfieldRevenue Cycle Management SpecialRichard Watsonrichard@healthcaretechoutlook.comUTLOOKHealthcare Tech UTLOOKHealthcare Tech EditorialAlex D'souzaManaging Editoreditor@healthcaretechoutlook.comNo matter how excellent the healthcare organizations are at delivering the best care possible to their patients, they cannot stay in business just because of this aspect. They have to pay close attention to their finances as well. And the providers, who fail to manage their finances efficiently, cannot keep their doors open to treat patients. This is where the role of revenue cycle management (RCM) comes into the picture.Healthcare RCM is the management of financial processes associated with claims processing, payment, and revenue generation. The first step of RCM starts when a patient makes his or her appointment to seek medical services while it ends when all claims and patient payments have been settled. The ultimate goal of RCM in the healthcare industry is to develop a process that helps providers get paid the full amount for services on time.However, healthcare RCM is different because bills and claims are usually processed over a long period. To deal with this, many healthcare providers nowadays use big data analytics and health IT solutions to run successful RCM programs. Besides, the providers are buying and deploying RCM systems to store and manage patients' billing records. An effective RCM system reduces the amount of time between providing a service and receiving payment by interacting with other health IT systems as patients move through the care process. Not only this, but an effective RCM system can also save healthcare organizations' time by automating duties that were previously handled manually. If experts are to be believed, RCM systems will ultimately help transition the industry over from fee-for-service to value-based reimbursement.So, it is safe to say that healthcare RCM is continuing to evolve and keep pace with rapid changes to the healthcare ecosystem, such as value-based care. Our goal with this edition is to highlight the best-of-breed RCM solution providers that leverage new-age technologies to drive healthcare success. This edition also blends thought leadership from subject matter experts with real-life stories on what selected vendors are doing for their clients, including exclusive insights from CIOs and CXOs.Write us your thoughts.A Key to Healthcare Success*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffPhone:510-230-0395Fax:510-894-8405sales@healthcaretechoutlook.comeditor@healthcaretechoutlook.commarketing@healthcaretechoutlook.comContact Us:Merlin Watson
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