Revenue Enhancement

Providing an excellent patient experience can improve the revenue cycle for your healthcare practice.

Improve your healthcare revenue cycle with better patient identity strategies.

  Four Thousand, One Hundred and Twenty-Nine Dollars ($4,129)! According to the Human Capital Benchmarking Report by SHRM, that’s how much it would cost you on average to hire a new employee. This is quite a lot of money to invest on the wrong hire. Therefore, you must make a conscious effort to hire the…

  At the height of the coronavirus pandemic, health facilities like yours were overwhelmed and had to choose their battle carefully. Things like checkups and elective surgery were shut down, and there wasn’t time to properly manage the revenue cycle. This led to most facilities, and probably yours too, experiencing a drop in revenue by…

  How much unpaid medical debt does your medical practice or ambulance business have? What percent is likely to be categorized under medical write-offs? How are you reducing this? Recent studies suggest over 80% of independent practices are worried about whether their business would remain financially viable after the pandemic. Are you one of them?…

The number of high deductible health plans (HDHPs) has jumped to 75 million after sitting at just 10 million in 2010. How does this affect your medical business? Employees under an employer plan have an average deductible of $2,296.00 for single coverage and $4,104.00 for family coverage (Employee Benefits Survey: 2018 Results). Individuals under an…

Keeping your front and back end processes flowing smoothly and bridging gaps where needed, will result in maximizing revenue flow, something very practice desires! Where do you start? Here are a few focal points to champion a strong billing and collections process. FRONT: Start Before the Patient Arrives This means the staff needs to verify insurance…