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Ep 32 Tech-Enabled RCM: Tips and Solutions with Mike Marshall + Vanessa
Manage episode 431394953 series 3000080
Tech-Enabled RCM: Tips and Solutions with Mike Marshall + Vanessa
In this episode, Vanessa welcomes Mike Marshall to discuss the intricacies of revenue cycle management (RCM) and the challenges faced by healthcare organizations. Mike is currently the Managing Director of the North American division of e5 Workflow, with a rich background in healthcare focusing on turnaround projects for operation, finance, and revenue cycle management.
They explore the root causes of common RCM issues, the hesitations around adopting new technology, and emphasize the necessity of becoming tech-enabled to survive in the current market. The conversation delves into innovative solutions, actionable data, optimizing human resources, and technological advancements like AI and automation. They also provide guidance on selecting vendors and the importance of staying informed about industry innovations through networking, conferences, and professional advice.
00:00 Welcome and Introduction
00:31 Introducing Mike Marshall
01:03 Industry Challenges in Revenue Cycle Management
02:09 Hesitancy in Adopting Technology
03:48 The Pain of Outdated Systems
07:35 Fear of Change in Revenue Cycle
11:32 Importance of Training and Support
16:47 Encouragement to Explore New Solutions
21:19 Leveraging Technology for Efficiency
33:15 Medicare Challenges and Strategic Technology Integration
33:52 Middle Management and Delegation with Technology
35:08 Industry Changes and Knowledge Gaps
36:04 Leveraging Technology for Delegation and Efficiency
36:53 Outsourcing and Onshoring in Revenue Cycle Management
39:34 Navigating Vendor Selection and Industry Resources
45:16 Maximizing Conference and Vendor Interactions
53:40 Evaluating Automation and AI Claims
57:55 Strategic Technology Integration and Conclusion
83 episoder
Manage episode 431394953 series 3000080
Tech-Enabled RCM: Tips and Solutions with Mike Marshall + Vanessa
In this episode, Vanessa welcomes Mike Marshall to discuss the intricacies of revenue cycle management (RCM) and the challenges faced by healthcare organizations. Mike is currently the Managing Director of the North American division of e5 Workflow, with a rich background in healthcare focusing on turnaround projects for operation, finance, and revenue cycle management.
They explore the root causes of common RCM issues, the hesitations around adopting new technology, and emphasize the necessity of becoming tech-enabled to survive in the current market. The conversation delves into innovative solutions, actionable data, optimizing human resources, and technological advancements like AI and automation. They also provide guidance on selecting vendors and the importance of staying informed about industry innovations through networking, conferences, and professional advice.
00:00 Welcome and Introduction
00:31 Introducing Mike Marshall
01:03 Industry Challenges in Revenue Cycle Management
02:09 Hesitancy in Adopting Technology
03:48 The Pain of Outdated Systems
07:35 Fear of Change in Revenue Cycle
11:32 Importance of Training and Support
16:47 Encouragement to Explore New Solutions
21:19 Leveraging Technology for Efficiency
33:15 Medicare Challenges and Strategic Technology Integration
33:52 Middle Management and Delegation with Technology
35:08 Industry Changes and Knowledge Gaps
36:04 Leveraging Technology for Delegation and Efficiency
36:53 Outsourcing and Onshoring in Revenue Cycle Management
39:34 Navigating Vendor Selection and Industry Resources
45:16 Maximizing Conference and Vendor Interactions
53:40 Evaluating Automation and AI Claims
57:55 Strategic Technology Integration and Conclusion
83 episoder
Alla avsnitt
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1 Ep 32 Tech-Enabled RCM: Tips and Solutions with Mike Marshall + Vanessa 50:35

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