By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Provider Onboarding: The Foundation of Revenue Cycle Management
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Provider Onboarding: The Foundation of Revenue Cycle Management
Business

Provider Onboarding: The Foundation of Revenue Cycle Management

Anthony Begando
Anthony Begando
Share
4 Min Read
SHARE

revenue cycle management, onboarding Provider Onboarding Enables Revenue Cycle Management 

Revenue Cycle Management (RCM) has been a major focus within the healthcare industry for some time. Simply stated, the activities involved in RCM drive getting paid efficiently.

Contents
  • Provider Onboarding Enables Revenue Cycle Management 
  • Provider Onboarding Enables Revenue Cycle Management 

revenue cycle management, onboarding Provider Onboarding Enables Revenue Cycle Management 

Revenue Cycle Management (RCM) has been a major focus within the healthcare industry for some time. Simply stated, the activities involved in RCM drive getting paid efficiently. While that sounds pretty straight forward, the complexities involved in actually getting paid are not trivial. For those on the care delivery side of the business (e.g. hospitals, clinics, physician practices), substantial efforts have been made to re-engineer, automate, outsource, or otherwise optimize patient billing and collections processes. These investments have improved cash flow, reduced denials, and in many cases, substantially improved the financial performance of the organization. Despite the significant advances, many of these organizations remain shackled with lacking or dysfunctional provider onboarding programs.  The irony in this lies in the fact that it is the onboarding process that enables a new provider joining a healthcare delivery organization to become eligible for payor reimbursement in the first place. 

“Onboarding” describes the sequence of activities involved in transitioning a newly hired or contracted healthcare provider from recruitment to becoming fully billable or reimbursable.  Typically, this includes hiring and orientation, initial credentialing, facility privileging, committee/board approvals, and payor enrollment.  Completing these activities can draw out over a 90 – 180 day timeframe for many organizations.  Larger systems and networks where providers are routinely privileged across multiple facilities may see these numbers drift well into in the 200s. 

Line

More Read

Image
Health Insurance Monopoly
Legislative History of Health Rewards: We’ve Come a Long Way
Millennials: Obamacare Costs Less Than Your Cell Phone Bill
7 Viral Marketing Lessons from the ALS Ice Bucket Challenge
Whistleblower Lawsuit Prompts Fed Action on Alleged Medicare Long Term Care Fraud

On average, every work day that a newly hired or contracted provider remains in the onboarding process, they are unable to fully enter the revenue cycle and forfeit approximately $6,000 in billings.  For an organization that hires 50 new privileged providers per year, reducing their onboarding cycle time by even 20 billable days may drive upwards of $6,000,000 directly to their bottom line (50 hires X 20 days X $6,000 forfeited revenues).  

Line

Improvements to the onboarding process can take many forms.  In general, healthcare delivery organizations seek to reduce cycle time, improve revenues, lower costs, and strengthen provider engagement.  Smaller organizations can benefit by streamlining, automating, and integrating siloed components of the process to eliminate redundancy, improve communications, and reduce administrative burden.  Larger firms can establish centralized or regionalized shared service centers that manage onboarding activities across the enterprise.  In both cases, these efforts can be undertaken within a larger strategy of improving and modernizing a firm’s overall healthcare quality assurance practices.

Traditionally, RCM strategies have focused on patient billing. Given the financial impact that improving an organization’s onboarding processes can have, health leaders must consider how such an initiative integrates with their firm’s overall revenue cycle management strategy. 

 

 

 

Dotted Line

 

 

 

 

 

TAGGED:onboardingrevenue cycle management
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

dental care
Importance of Good Dental Care for Health and Confidence
Dental health Specialties
October 2, 2025
AI in Healthcare
AI in Healthcare: Technology is Transforming the Global Landscape
Global Healthcare Policy & Law Technology
October 1, 2025
Choosing the Right Swimwear for Health and Safety
News
September 30, 2025
sports concussions
Concussion In Sports: How Common They Are And What You Need To Know
Infographics
September 28, 2025

You Might also Like

obamacare an covered california
BusinessFinanceHealth ReformPolicy & LawPublic Health

Obamacare and Reimbursement Rates to Providers

December 11, 2013

Why Foreign Companies Should Take Chinese Social Media Seriously

February 9, 2014

EHR Implementation Struggles: Three Ways Forward

July 8, 2013
BusinessNewsPublic HealthTechnology

Thermalin Diabetes Follows the “Coulter Process” And Addresses Significant Needs in the Insulin Market

December 27, 2011
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?