Revenue Cycle Management (RCM) is an important aspect of any healthcare business. It involves processes that ensure that patients are afforded the right healthcare treatments and are billed accurately, while healthcare service providers are paid by patients and reimbursed accordingly by insurance companies.
US Healthcare today is largely dependent on technology-enhanced systems for administrative and clinically-based functions such as claims and care management, computerized physician order entry systems, radiology, pharmacy, and laboratory systems and self-service applications. Through electronic health records (EHR) and protected health information (PHI), patient data can be accessed rapidly and from multiple locations, making healthcare service better.
“The target is always data” is a phrase that should probably be one of today’s enterprise mantras. A year of high profile cyber attacks has shown that enterprise organizations, not consumers, are now prime targets for data breaches. The breaching of vital user and customer information from the likes of T-mobile, Experian, Anthem, Inc. and Ashley Madison was among those high-profile stories. The effects were devastating; from ruined lives to massive financial loses. Hackers of extramarital affair site Ashley Madison exposed information of its 37 million users.