Outpatient Facilities Face Revenue Crisis Amid RCM System Failures
Newswire
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Contributed by: Kate Gamble
Summary
A recent Black Book Research report indicates that 90% of integrated outpatient facilities are facing revenue losses primarily due to shortcomings in their Revenue Cycle Management (RCM) systems. The survey of 772 business office leaders highlights critical issues such as high denial rates (92%), delays in pre-authorizations (93%), and coding inaccuracies affecting 79% of facilities. These challenges result in increased financial strain and delayed patient care, emphasizing the need for these facilities to modernize their RCM solutions to improve cash flow and operational efficiency.
