6 Keys to Successful Collaboration Between Your Health System’s Pharmacy and Revenue Cycle Management Teams

A closer partnership between pharmacy and RCM teams may lead to increased financial stability and improved quality of care.

By McKesson Health Systems Editorial Team

Date

December 13, 2024

Read Time

1 minute

With the increased revenue capture and maximized reimbursement that can potentially be achieved with a closer partnership between pharmacy and RCM teams, health systems can improve both their financial stability and the ability to provide quality patient care. Among the keys to a successful collaboration between your health system’s pharmacy and RCM teams are:

Two stacked servers with network connections

Integrating Data

Providing Education

Improving Processes

Monitoring Performance

Implementing Collaborative Initiatives

Promoting Continuous Improvement

At McKesson Health Systems, our value-added services can help you improve collaboration and business results across your health systems through all of these strategies and more. According to the Coordinator of Pharmacy Revenue and Business Operations at Yale New Haven Health, an MHS customer, “[McKesson’s] Revenue Recovery has improved compliance, accurate billing, and collaboration with other departments. Adding these safeguards enables us to be a lot more productive and efficient.” In another case, our value-added services and solutions helped a health system customer identify 30 underpayment accounts during each two-month reporting period in just one year. Read the full article here.

To learn more about how we can help you achieve more for your business of pharmacy and the patients you care for, contact McKesson to speak with our Professional & Advisory Services (P&AS) team today.

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