Low accounts receivable (AR) days may feel like a coveted trophy—a sign your team is crushing it with lightning-fast collections—but the metric can be pretty misleading in healthcare revenue cycle management (RCM).
Here’s the kicker. Without the right context, low AR days may not always mean real revenue cycle success. In fact, the metric can mask issues that could be silently impacting your bottom line.
Prior authorization pain is felt most acutely by patients and providers, who bear the brunt of hidden costs and care delays. By insisting on clear denial explanations, pushing for regulated response timelines, and modernizing front-end processes, providers can move away from bureaucratic inefficiencies toward better outcomes.
Stuck in this everyday grind amid challenges like shifting payer behavior, changing regulations, and growing staffing shortages, providers are now making a conscious effort to re-innovate their RCM strategy to keep the ball rolling
Revenue cycle management (RCM) entails numerous back-end responsibilities—from addressing medical billing errors to collecting payments—which costs time, effort, and resources, thereby diverting healthcare organizations’ attention
With hospitals facing unprecedented financial strain lately, the idea of leaving money on the table is not a choice. Several hospitals annually lose 1% to
In recent years, several revenue cycle management (RCM) technologies have emerged to meet different requirements and goals of healthcare providers. One of the most popular
Over the last five years, unresolved claim denials have increased at an alarming rate of 20%, with health systems losing at least $500,000 annually to denials, driven by factors such as coding errors, incomplete documentation, and lack of compliance.
Patient collections play a vital role in a healthcare organization’s financial health, demanding utmost care and attention. Operational costs and patient financial responsibility pose increasing
Imagine operating a state-of-the-art hospital with all the newest medical technology while your back-office support is always stuck with an outdated revenue cycle management (RCM)
Revenue cycle operations have become more challenging than ever due to constraining margins, evolving payment models, and increasing administrative burden, thereby putting all healthcare organizations
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