Three Tips to Keep You on Track with Revenue Cycle Management

As healthcare organizations track towards value-based reimbursement models, analytics will continue to play an important role to keep them financially viable. However, many healthcare organizations struggle to make the most of their data and tackle revenue cycle management (RCM).

We recently spoke with Tom Schaal, director of product management at MedeAnalytics, to gather insight on how healthcare organizations can master RCM through their available data. Below are his tips:

1. What end goals should healthcare organizations keep in mind when addressing RCM?

Tom Schaal (TS): Ultimately, the end goal in RCM is working smarter, not harder. Hospital staffs are routinely stretched thin. Intelligently designed analytical tools can be used to highlight opportunities and outliers, and focus staff attention to the most impactful workflow and resolution strategies.

2. Data can be overwhelming – what are the top focus areas for healthcare organizations?

TS: Having access to data is not in and of itself meaningful. In fact, it is oftentimes overwhelming. Organizations need to focus on key objectives that are most important and pressing. Leveraging analytical tools that are easy to use and configure to meet specific business and clinical objectives is key.

3. How can healthcare organizations implement, align and strategize around data?

TS: The key here is transparency. Typically, healthcare organizations use different tools across different teams that make it incredibly difficult for any organization to land on a single source of truth.  The value of this central source of easily accessible data that people within the organization trust cannot be understated. It’s a game-changer.

To learn more about how MedeAnalytics can help improve your RCM strategy, visit our Business Office solution page. You can also visit Becker’s Hospitals Review to see Tom’s first tip. 


MedeAnalytics is a leader in healthcare analytics, providing innovative solutions that enable measurable impact for healthcare payers and providers. With the most advanced data orchestration in healthcare, payers and providers count on us to deliver actionable insights that improve financial, operational, and clinical outcomes. To date, we’ve helped uncover millions of dollars in savings annually.

Leave a Comment

Get our take on industry trends

Proactively predicting ER visit trends with augmented analytics to improve revenues, asset utilization and patient outcomes

May 19, 2023

Mission critical emergency departments (EDs) are the most valuable revenue generating asset for hospitals. While visits decreased during the pandemic,…

Read on...

Conversations at HIMSS23

May 5, 2023

HIMSS23 was nothing short of outstanding. I was thrilled to see the familiar faces of colleagues and clients, mingle with…

Read on...
comorbidity photo

Best practice tools to build an integrated approach to multimorbidity

April 10, 2023

The traditional model of treating single diseases no longer works. Data collected from 2016 to 2019 indicated that 32.9% of…

Read on...

Will adopting a risk-based approach with augmented analytics support care gap closure?

February 24, 2023

A common challenge for healthcare systems is how to properly segment its patient populations based on risk profiles and co-morbidities. Doing this well ensures a high quality of care delivery and superior patient outcomes.

Read on...