--- title: 3 Vital Strategies to Boost Your Revenue Cycle Efficiency description: 3 Vital Strategies to Boost Your Revenue Cycle Efficiency. Learn More! image: https://blog.epicriver.com/hubfs/6.jpg --- [![Epic River](https://blog.epicriver.com/hs-fs/hubfs/color-transparent-logo.png?width=320&name=color-transparent-logo.png "Epic River")](http://www.epicriver.com/home) - [Home](https://www.epicriver.com/) - [About](https://www.epicriver.com/about) - [Our Solution](https://www.epicriver.com/) - [News](https://epicriver.com/#) - [Contact](https://www.epicriver.com/) - [Support](https://knowledge.epicriver.com/knowledge/kb-tickets/new) - [Knowledgebase](https://knowledge.epicriver.com/knowledge) ![blog_bg-2023-1](https://blog.epicriver.com/hubfs/blog_bg-2023-1.png "blog_bg-2023-1") # 3 Vital Strategies to Boost Your Revenue Cycle Efficiency Posted by [Jessica Toney](https://blog.epicriver.com/author/jessica-toney) | Sep 13, 2019, 12:07:59 PM - [Tweet](https://twitter.com/share) ![](https://blog.epicriver.com/hubfs/6.jpg) According to [two experts in revenue cycle](https://www.beckershospitalreview.com/finance/2-experts-weigh-in-on-revenue-cycle-efficiency-in-a-shifting-healthcare-environment.html) management, building a more efficient strategy hinges upon three factors. And these are automation, transparency about the cost of care, and patient billing practices. But why are these factors so vital to the health of your revenue cycle? Keep reading to find out what makes automation, price transparency, and patient billing so important. And stick around to discover how **medical loan financing** for patients is the revenue cycle management solution you’ve been waiting for. **1. Automation** While some skeptics say that automation is actually costing more money than it’s saving providers, smart automation can improve the efficiency of your revenue cycle. In fact, one study found that providers who automate claims management processes save [over $8 billion](https://revcycleintelligence.com/news/claims-management-automation-progresses-but-opportunities-remain) every year. **2. Price Transparency** What’s the best way to prevent bad debt? Experts suggest that being transparent about the cost of care before point-of-service can help you collect more out-of-pocket bills faster. Medical bill collections can be painful for patients, but being upfront about responsibilities can alleviate some of that discomfort. **3. Patient Billing** Even if your hospital is strong in the previous two categories, everything will fall apart if you don’t offer patients ways to pay for care. It’s no secret that patient responsibilities are rising. And when you have to wait around to collect the bill, your revenue cycle efficiency will decrease. **Medical Lending Improves Revenue Cycle Efficiency** Epic River’s patient lending program was designed with the efficiency of your revenue cycle in mind. That’s because our **medical loan financing** software connects patients who can’t afford their out-of-pocket responsibilities with our partner banks. While patients pay their medical debt in a timeline that suits their budget, you won’t have to wait around since you’re reimbursed upfront and in-full. And offloading your bill collection workload means you have more time to talk to patients about the price of care. Have you been searching for a solution to boost the efficiency of your revenue cycle? Then get in touch with Epic River and find out how our program can improve the health of your revenue cycle. Topics: [Medical Loan Financing](https://blog.epicriver.com/topic/medical-loan-financing) #### Written by [Jessica Toney](https://blog.epicriver.com/author/jessica-toney) ## Leave a Comment ### Recent Posts ### Topics - [Bankadelic (2)](https://blog.epicriver.com/tag/bankadelic) - [banking opportunities (6)](https://blog.epicriver.com/tag/banking-opportunities) - [Blog (5)](https://blog.epicriver.com/tag/blog) - [CRA ratings (1)](https://blog.epicriver.com/tag/cra-ratings) - [Credit Unions (5)](https://blog.epicriver.com/tag/credit-unions) - [DAR (1)](https://blog.epicriver.com/tag/dar) - [esignature services (1)](https://blog.epicriver.com/tag/esignature-services) - [Financial Education (2)](https://blog.epicriver.com/tag/financial-education) - [financial institutions (10)](https://blog.epicriver.com/tag/financial-institutions) - [Health Care Loans (19)](https://blog.epicriver.com/tag/health-care-loans) - [health credit services (6)](https://blog.epicriver.com/tag/health-credit-services) - [health credit services online (11)](https://blog.epicriver.com/tag/health-credit-services-online) - [healthcare administration (4)](https://blog.epicriver.com/tag/healthcare-administration) - [healthcare administrative costs (1)](https://blog.epicriver.com/tag/healthcare-administrative-costs) - [healthcare billing (2)](https://blog.epicriver.com/tag/healthcare-billing) - [healthcare billing solutions (3)](https://blog.epicriver.com/tag/healthcare-billing-solutions) - [healthcare costs (1)](https://blog.epicriver.com/tag/healthcare-costs) - [healthcare finance (6)](https://blog.epicriver.com/tag/healthcare-finance) - [Healthcare Finance Online (13)](https://blog.epicriver.com/tag/healthcare-finance-online) - [healthcare financing (2)](https://blog.epicriver.com/tag/healthcare-financing) - [healthcare lending (3)](https://blog.epicriver.com/tag/healthcare-lending) - [healthcare loans (4)](https://blog.epicriver.com/tag/healthcare-loans) - [hospital financing (3)](https://blog.epicriver.com/tag/hospital-financing) - [Lending as a Service (7)](https://blog.epicriver.com/tag/lending-as-a-service) - [low-interest medical loans (2)](https://blog.epicriver.com/tag/low-interest-medical-loans) - [medical bill financing (2)](https://blog.epicriver.com/tag/medical-bill-financing) - [medical billing (7)](https://blog.epicriver.com/tag/medical-billing) - [medical billing solutions (7)](https://blog.epicriver.com/tag/medical-billing-solutions) - [medical debt (4)](https://blog.epicriver.com/tag/medical-debt) - [medical finance (2)](https://blog.epicriver.com/tag/medical-finance) - [Medical Lending (24)](https://blog.epicriver.com/tag/medical-lending) - [Medical Loan Financing (18)](https://blog.epicriver.com/tag/medical-loan-financing) - [medical loans (7)](https://blog.epicriver.com/tag/medical-loans) - [News (78)](https://blog.epicriver.com/tag/news) - [patient billing solutions (1)](https://blog.epicriver.com/tag/patient-billing-solutions) - [patient financial services (5)](https://blog.epicriver.com/tag/patient-financial-services) - [Patient Financing (26)](https://blog.epicriver.com/tag/patient-financing) - [patient lending (19)](https://blog.epicriver.com/tag/patient-lending) - [patient loans (3)](https://blog.epicriver.com/tag/patient-loans) - [patient responsibility (3)](https://blog.epicriver.com/tag/patient-responsibility) - [patient satisfaction (1)](https://blog.epicriver.com/tag/patient-satisfaction) - [Podcast Feature (3)](https://blog.epicriver.com/tag/podcast-feature) - [price transparency (1)](https://blog.epicriver.com/tag/price-transparency) - [reduce DAR (2)](https://blog.epicriver.com/tag/reduce-dar) - [revenue cycle management for physicians (2)](https://blog.epicriver.com/tag/revenue-cycle-management-for-physicians) - [Team (1)](https://blog.epicriver.com/tag/team) see all ### Subscribe #### About Us Our commitment to utilize the lowest cost of capital and remove all unnecessary overhead from the loan process enables us to help everyone make the best possible financial decision when borrowing money. #### Latest Blog Posts #### Contact Us 242 Linden Street Fort Collins, CO 80524 Phone: (970) 292-5045 Email: info@epicriver.com © 2020 Epic River - - -