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What Do You Have to Lose and Gain?

What Do You Have to Lose and Gain?

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© 2019 Waystar Health. All rights reserved. The true cost of lax inventory management with outsourced vendors: cash, cost, and patient trust SEE YOUR REV CYCLE DIFFERENTLYToday’s revenue cycle increasingly relies on external business partners to process collections. Passing accounts back and forth from business office to outsource partner has always had data integration challenges. 2 © 2019 Waystar Health. All rights reserved. When the volume and value of accounts sent to third parties was limited to a small percentage of revenue and even less in cash, the process inefficiencies were insignificant enough to ignore. No longer. Now, with the percentage of revenue involved often above 20%, the costs and risks in the accepted “good enough” process are becoming too big to igno

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