The laboratory industry has been experiencing tremendous change due to new compliance obligations and constant fee compressions from regulatory rules like the Protecting Access to Medicare Act (PAMA). To adhere to these changing requirements in a cost-effective way, some hospital and diagnostic providers are pushing lab leaders to use an enterprise revenue cycle management (RCM) system that is offered as part of the hospital’s electronic health record (EHR) software. However, despite intentions to maximize efficiencies and improve cash collections, this can cause significant, detrimental impacts to the operational and financial performance of labs since lab RCM has many intricacies that hospital enterprise systems were not originally designed to address.
On Wednesday, June 26, XIFIN, Inc. welcomes a guest speaker from the leading IT market research and advisory firm, International Data Corporation (IDC), for a webinar that will provide key insights for laboratory leaders to think about when considering RCM solutions. Solutions like lab-specific RCM systems can be especially effective, helping enhance financial and operational lab metrics while optimizing enterprise system investments with bi-directional data exchange.
During the one-hour webinar, guest speaker Mutaz Shegewi, research director with IDC, will share his insights on the benefits of pairing an enterprise system with a purpose-built lab RCM system. Participants will also:
- Learn how lab RCM is vital for creating a better healthcare economy
- Hear key takeaways from IDC interviews with outreach lab leaders
- Better understand the challenges of the enterprise system status quo thinking
- Gain specific and tangible insight of the benefits of RCMs that are purpose-built for labs and designed to interoperate with enterprise systems
To register and learn more about the webinar scheduled for June 26th at 2 p.m. ET, click here.
About XIFIN, Inc.
XIFIN is a healthcare information technology company that leverages diagnostic information to improve the quality and economics of healthcare. The company’s cloud-based technology facilitates connectivity and workflow automation for accessing and sharing clinical and financial diagnostic data, linking healthcare stakeholders in the delivery and reimbursement of care. To learn more, visit www.XIFIN.com, follow XIFIN on Twitter and LinkedIn, or subscribe to the XIFIN blog.