REVENUE CYCLE
MANAGEMENT
KNOWLEDGE CENTRE
What is your biggest revenue cycle challenge? Is it Prior authorization? Rising claim denials? Staffing Issues? Higher accounts receivable (A/R)? As per the Medical Group Management Association's most recent MGMA Stat poll, of the 825 healthcare leaders surveyed, about 48%…
Are your A/R days too high? These tested practices can help you accelerate Insurance reimbursements!
Excessive revenue leakage poses a severe risk for U.S. healthcare practices — presently, many already function on negative margins. A 2018 survey conducted by Fibroblast of C-suite executives in healthcare revealed an alarming rate with which hospitals lose money or…
American Academy of Pain Medicine stated that millions suffer from acute or chronic pain every year in the US, and the effects of pain exact a tremendous cost, billions of dollars, each year. As the population ages, these numbers are…
The US government enacted The Patient Protection and Affordable Care Act (ACA), a comprehensive health care reform law, in March 2010 to improve the coverage, delivery system and reduce health care costs. Yet there remained a gap between people with…
Healthcare is transforming right in front of our eyes. The last 12 months have rocked the industry to the core. The ways facilities engage with patients from treatment to payment processing are changing. Pain Management Clinics are at a bigger…
In 2023 it’s harder to find dedicated back-office staff that are willing to stay on for the long haul. The average tenure of back-office staff is lower than its ever been. The constant turnover forces facilites to look at other…
Did you know? Between Dec 2019-2021, the median change in hospital operation margins (without CARES) dropped by 14.7%, while labor expenses per adjusted discharge increased by 26.8%. (Jan 2022 National Hospital Flash Report) It’s difficult to retain staff since “The…
As per the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the US have a chronic disease. Leading drivers include excessive alcohol use, lack of physical activity, and poor nutrition. While people must quickly adopt healthy…
Physicians are under increased stress to provide timely care. They issue prior authorizations (PA) for treatment without fully assessing the patient’s condition. To address this problem, several states have passed pre-auth reform laws that require physicians to obtain a full…
