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Mar 12 2012   8:33AM GMT

How CFOs are utilizing IT to accelerate payments, reduce bad debt and reengineer the revenue cycle



Posted by: Jenny Laurello
HIMSS12, Revenue cycle management

While at HIMSS 2012 this year, I had the opportunity to connect with two of the conference’s resident CFO experts, Keith Campanelli, CFO and practice administrator of Austintown Pediatrics, and Don Longpre, CFO of North Ottawa Community Hospital, who spoke to “health IT solutions that help CFOs weather the reform storm” at the conference’s co-located Summit for Health Information & Financial Technology.

In this Health IT Exchange video interview, Keith and Don share their thoughts on the evolving role of the provider CFO and discuss how they’ve been able to successfully balance the requirements of health IT funding management with the everyday tasks associated with maintaining a healthy revenue cycle. With Austintown Pediatrics reducing both patient payment processing time and bad debt by 50%, and North Ottawa Community Hospital accelerating patient payments by 44%, both gentlemen share their impressive organizational stories and explain how advances in revenue cycle management technologies and banking information systems can create operational efficiencies, streamline processes, achieve cost savings and reengineer the revenue cycle from the front to the back.

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