Healthcare Connections Podcast

Highlight EP: The Cost of Wasted Touches: Rethinking Revenue Cycle Management in Healthcare

23 min · I går
episode Highlight EP: The Cost of Wasted Touches: Rethinking Revenue Cycle Management in Healthcare cover

Description

In this episode of the Healthcare Connections podcast, host Jeremy Winn speaks with Matt Seefeld, CEO of Medevolve, about the challenges and opportunities in healthcare revenue cycle management. Matt shares his extensive background in healthcare consulting and technology, emphasizing the importance of measuring and improving operational efficiency. He discusses the concept of 'wasted touches' in the revenue cycle, where unnecessary human intervention leads to increased costs and inefficiencies. Matt highlights the need for better data analytics and automation to streamline processes and improve financial outcomes for healthcare providers.The conversation delves into the impact of offshoring versus onshoring in revenue cycle management, with Matt arguing that onshore teams often yield better results despite higher costs. He stresses the importance of accountability and performance measurement in managing revenue cycles effectively. The episode concludes with insights into the future of healthcare technology, including the role of AI and the necessity for healthcare organizations to adapt to changing market dynamics to ensure sustainability and improved patient care.

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episode Highlight EP: The Cost of Wasted Touches: Rethinking Revenue Cycle Management in Healthcare artwork

Highlight EP: The Cost of Wasted Touches: Rethinking Revenue Cycle Management in Healthcare

In this episode of the Healthcare Connections podcast, host Jeremy Winn speaks with Matt Seefeld, CEO of Medevolve, about the challenges and opportunities in healthcare revenue cycle management. Matt shares his extensive background in healthcare consulting and technology, emphasizing the importance of measuring and improving operational efficiency. He discusses the concept of 'wasted touches' in the revenue cycle, where unnecessary human intervention leads to increased costs and inefficiencies. Matt highlights the need for better data analytics and automation to streamline processes and improve financial outcomes for healthcare providers.The conversation delves into the impact of offshoring versus onshoring in revenue cycle management, with Matt arguing that onshore teams often yield better results despite higher costs. He stresses the importance of accountability and performance measurement in managing revenue cycles effectively. The episode concludes with insights into the future of healthcare technology, including the role of AI and the necessity for healthcare organizations to adapt to changing market dynamics to ensure sustainability and improved patient care.

Yesterday23 min