Revenue cycle outsourcing: the real costs and benefits.

Hospitals need to consider the real financial and human costs and benefits of outsourcing before making an outsourcing decision. Hospitals should ensure that selected outsourcing contractors can meet their objectives. Hospitals need to have a contingency plan in place in case an outsourcing firm fails to meet expectations.

The strategic benefits of revenue cycle improvement.

Leveraging revenue cycle financial and process improvements can result in a variety of benefits, including: A continuous learning culture that maintains performance improvements over the long term. Ability to attract and retain key personnel. Resources to invest in employee education and training.