Enhance PFS workflows for faster reimbursements
The revenue cycle is filled with unique opportunities for bottom-line improvement. As reimbursements continue to decline, providers that move quickly to preserve and accelerate cash flow will gain a distinct advantage as the healthcare landscape evolves. OnBase revenue cycle management (RCM) for patient financial services (PFS) uniquely offers you a distinct edge with an integrated suite of revenue cycle management applications.
OnBase ECM solutions for PFS:
- Automate the reconciliation of your Bank Deposits to all of your Patient Accounting systems with sophisticated matching algorithms that track the status of a Deposit until it’s closed
- Decrease AR Days and lower cost to collect by improving Cash Posting accuracy and revealing opportunities for denial prevention
- Empower improved satisfaction by making the registration process easier, more secure, and less repetitive with Paperless registration
From patient registration to denial management, the revenue cycle requires clean data and automated processes to work efficiently. Otherwise, hospitals risk extending accounts too long and writing them off as a loss. By integrating so users don’t even know OnBase is there OnBase RCM provides that clean data and automated processes that hospitals need. As a result, healthcare organizations focus on what brings cash in the door faster – accept more claims, maximizing reimbursements, accelerating cash flow and decreasing days in accounts receivable.