“The ones who are crazy enough to think they can change the world are the ones that do.”
We love this anonymous quote. The Health Information and Management Systems Society (HIMSS) also found it relevant enough to include it on their new report on how to improve the way consumers and providers interact financially.
Members of the HIMSS Revenue Cycle Improvement Task Force shared their vision for rethinking the revenue cycle with the health IT industry at #HIMSS15, the 2015 annual conference in Chicago. If you’re at #HIMSS15, share your thoughts on this new approach at a “community feedback” session from 8:00 – 9:00 on Wednesday, April 15th.
If you weren’t able to catch their presentation at the show, HIMSS’ ‘revolutionary’ strategy to overhaul the payment process from the consumer standpoint can also be seen in this infographic.
Patients already play an increasing role in shaping their clinical experience within the overall healthcare system. HIMSS believes it’s time to expand this into the world of money exchange, medical billing and account balances.
Other industry trends motivating HIMSS include:
* More consumers with ACA high-deductible health plans
* Increased patient cost sharing
* Greater financial transparency throughout the medical experience
* Better sharing of information predicted among providers, insurers and patients
* A future healthcare system expected to look and feel like a retail shopping experience
Additional details on how HIMSS wants to re-engineer revenue cycle management (RCM) can be found in their 11-page ‘Rethinking Revenue Cycle Management’ report.