ATLANTA–(BUSINESS WIRE)–Patientco, the leading provider of cloud-based patient revenue cycle technology that empowers providers to optimize payments and maximize efficiency, announced today its sponsorship of the 2015 Healthcare Information and Management Systems Society (HIMSS) Revenue Cycle Improvement (RCI) Task Force sessions. The Task Force is aimed at initiating dialogue across healthcare leaders to create a vision for the next generation of revenue cycle management (RCM) to promote positive patient financial experiences.
“As patients become more financially responsible for their healthcare costs, the industry needs to re-energize and rethink how patients fit into the traditional revenue cycle equation,” said Bird Blitch, CEO of Patientco. “I am thrilled to team with the HIMSS RCI Task Force and am looking forward to collaborating with other industry leaders to develop a new RCM model to achieve these goals.”
The healthcare industry is shifting toward a more consumer-focused environment, causing the need to reengineer RCM in order to offer the necessary capabilities and operational efficiencies required to put the consumer at the center of care—both clinically and financially.
Through HIMSS, the RCI Task Force has taken on this initiative, bringing together various stakeholders, from providers, payers, financial institutions and vendors to consultants and government contributors, to conceptualize a pilot model for the next-generation of RCM focused on components such as:
- Consumer engagement
- Administrative cost containment
The RCI Task Force will be launching this new vision during the HIMSS15 Annual Conference in Chicago, Ill. Attendees can witness the unveiling of an infographic depicting the new pilot model on Monday, April 13 from 7-7:45am. Also occurring during the conference is a community feedback session, held Wednesday, April 15 from 8-9am, where the Task Force welcomes attendees to discuss their opinions and thoughts around the new model.
For additional information, visit https://www.himss.org/get-involved/committees/health-business-solutions. Join the conversation at #RethinkRCM.
About HIMSS RCI Taskforce
Since 2011 the Revenue Cycle Improvement Task Force has been on a quest to address the emerging dynamic of the patient experience as it relates to their financial satisfaction when they engage with the healthcare delivery system. The Task Force provides thought leadership intended to drive the development of the next generation of revenue cycle management tools and reflect the impact of this dynamic.
RCITF members include a cross-section of providers, payers, financial institutions, vendors, consultants, associations and governmental contributors to improve insight and foster industry wide collaboration with respect to the patient issues.
Patientco is the leading provider of cloud-based patient revenue cycle technology that empowers providers to optimize payments and increase business office efficiency through consumer-centric technology. Patientco goes beyond basic payment capture to connect every patient payment event throughout the continuum of care—delivering unrivaled visibility into and control over the patient revenue cycle. The result is improved cash flow, reduced A/R days, cost-saving efficiencies and increased patient and provider satisfaction. For more information, visit https://www.patientco.com/.
Erin Russ, 770-576-2552