Declining revenues and reimbursements, the increasing complexity of cash recovery, and rising patient balances have forced revenue cycle teams to rely more heavily on third-party collection agencies to cut costs and drive collections.
This increased reliance on third party teams means that revenue cycle teams need to be focused on getting the most out of their outsourced vendors.
In this white paper we look at 7 steps that revenue cycle teams can take to help improve their vendor performance, such as:
- Compare the performance of your agencies to each other.
- Measure outcomes as well as processes.
- Establish clear and comprehensive policies and procedures.
Wondering what the other 4 steps are and how to implement them? Download the 7 Steps to Vendor Performance today!