Cost Transparency Is Patient Payments Starting Point

Doing revenue cycle management (RCM) for healthcare seems a bit like trying to pick a lock with a string of cooked spaghetti: messy and ineffective. That isn’t the fault of RCM teams — merely a reflection of opacity in the astronomical prices of health treatments. Fortunately, a new breeze of transparency and payments optionality is remaking the process, as CareCredit Senior Vice President and General Manager of Health Systems Shannon Burke told PYMNTS.