Critical access hospitals (CAHs) play a vital role in providing essential healthcare services to rural and underserved areas. Despite their importance, the Revenue Cycle Management (RCM) process in these facilities is often fraught with challenges that can impact their financial viability. This blog will explore the major RCM challenges faced by critical access hospitals when billing and offer insights into how they can overcome them.
Effective financial management is vital for any healthcare organization, and for those specializing in behavioral health, the task carries unique challenges. Behavioral health billing and RCM are crucial components in ensuring financial stability and maximizing net cash flow. These processes, when handled adeptly, can significantly influence an organization’s revenue stream and overall success. Understanding these components in detail is fundamental for behavioral health organizations aiming to improve their financial performance.
Have you noticed a recent rise in reimbursement claims denials? Denied claims are increasing across the U.S., creating a frustrating and precarious situation for regional hospitals.
Have you noticed a recent rise in reimbursement claims denials? Denied claims are increasing across the U.S., creating a frustrating and precarious situation for regional hospitals.
There are more than 8,400 regional hospitals in the U.S., which is down from about 9,000 a decade ago, but slightly up since 2020. Regional and rural hospitals face a harsh set of circumstances different from major metropolitan areas.