Failure to submit the claims within the payers’ timeframe can also result in denials. Outsourcing claim and denial management can prove a game changer in such scenarios for providers lacking the time and resources, ensuring accurate charge capture and timely claim submission.

Reducing accounts receivable days is essential for the success of any medical practice. AR days measure the average time it takes for a claim to be paid, based on the average daily charge volume.

In today’s competitive healthcare environment, maintaining accurate and efficient billing practices is crucial for a hospital’s financial health.

Effective revenue cycle management (RCM) is vital in healthcare financing as it oversees the entire patient journey from scheduling to final payment and any mistakes in this process can significantly impact healthcare providers’ financial sustainability.

Maximizing revenue is crucial for hospitals to maintain quality patient care and invest in new technologies, especially in today’s competitive healthcare environment. Denials on insurance claims can significantly impact your hospital’s financial health.

The future of A/R management in healthcare holds promising trends that aim to address existing challenges and improve overall efficiency

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