Exceeding revenue goals through streamlined RCM and intelligent automation
The end goal of an effective RCM practice is simple – keep cash flows current and meet revenue targets. An optimized revenue cycle should help make medical practices, hospitals and health systems more profitable while ensuring best care possible to its patients.
At HFMA’s 2022 Annual Conference, a survey revealed that 48 percent of organizations are experiencing a “severe” labor shortage in revenue cycle operations. With the right partnerships, a healthcare provider or practice can benefit from two main immediate outcomes.
Every day and in every partnership, Cognizant draws on its deep expertise in the healthcare industry to design business solutions that fully optimize revenue cycles.
Bringing in the Experts
Delivering quality service through streamlined processes
Powered by experienced professionals and proven methods, our RCM solutions are purpose-built to help you improve performance. Our process delivery allows us to leverage scale with a global team of dedicated RCM and technology experts.
At Cognizant, a team of client-focused experts simplify the complexity of your revenue cycle management processes. Be it short-term need or a long-term contract, the RCM needs of a hospital or health system can be met with services beginning with Patient Access through Bad Debt, which encompass the full continuum of care.
Intelligent process automations increase cash collections by 52%
Cognizant’s advanced technologies are a result of deep domain expertise and an insatiable drive to modernize the RCM ecosystem, so results keep getting better.
For decades, we have been applying advanced operational principles to create unified and integrated solutions that can directly improve financial performance. Our focus is on automating workflows, developing process bots, and ensuring agility, resilience and responsiveness. Our technologies support every detail of the revenue cycle.