Revenue Enhancement
How to Manage Your Health Facility’s Revenue Cycle Post Pandemic
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…
Read MoreHow to Handle Medical Write-Offs
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?…
Read MoreHow to Jump Start 1st Quarter Revenue
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…
Read MoreBridging the Gap to Secure Revenue
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…
Read MoreWhen Does the Revenue Cycle Begin?
Your revenue cycle begins at the front desk, as this is the area that typically receives intake information. If your practice uses a self-service kiosk, your patients can also benefit when you arm your front desk team with essential billing knowledge. Front Desk Professional A front desk pro can make a big difference within the…
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