Vendor relationships can sometimes feel like a marriage. When things are good, they are very good. When things are bad, well…
Given the close relationships we have with our vendors, selecting the right Revenue Cycle Management partner is crucial.
While many of us have criteria in choosing a life partner, most are stumped when it comes to selecting a Revenue Cycle Management vendor. And when it comes to outsourcing your important RCM functions, choosing the right partner takes on even greater importance.
There are the obvious criteria – pricing, checking references, reading the fine line of the contract, etc. But a vendor’s ability to prove how they will leverage comparative data to improve your bottom line should be top of your list. Data transparency, establishing benchmarks, and access to real-time information are crucial elements your RCM partner should deliver.
Learn more, What to look for in an RCM partner.