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Board approves outsourcing revenue-cycle work to CodeQuik at 3% fee
Summary
The Share Medical Center board approved an amendment to move full revenue cycle management to CodeQuik at a 3% fee on patient-claim collections, replacing a higher-fee arrangement and keeping the existing RCM software platform in place.
The Share Medical Center Board of Trustees voted to approve Amendment 4 to its agreement with CodeQuik to outsource full revenue-cycle management, adopting a 3% fee on patient-claim collections and retaining the hospital's existing RCM software platform.
Board members said the change is intended to lower billing costs and align payments with patient-claim collections rather than all receipts to the hospital. The contract includes performance indicators and an early-exit clause…
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