Transform the Patient Payment Experience with These Two Key Offerings
R1 RCMAugust 11, 2023
A successful patient engagement strategy requires effective implementation of patient account resolution tools and services that address the entire patient obligation pool. While digital tools have advanced self-service patient payment resolution, there will continue to be a need for modernized call center services with compassionate human ...
Robust RCM Systems: Keys to Effective Coding, Billing and Collections
Jeff GruberJuly 25, 2023
Effective coding, billing and collection processes are vital to ensuring timely and accurate payment for practice services. In the absence of strong procedures and systems, you put your medical group's financial stability at risk.
Five Revenue Cycle Metrics Profitable Practices Are Measuring
R1 RCMApril 20, 2023
Measuring the financial health of your practice plays an important role in future growth. When you understand the metrics that impact your revenue cycle, you can better manage your overall process by making strategic changes to increase revenue and lower costs.
Six Ways to Improve Patient Collections
Randy KellerMarch 17, 2022
Today, providers need to place more emphasis on collection from patient balances since there is more financial responsibility from insured patients. This is a direct result from high dollar deductible health plans associated with health saving accounts or tax-advantaged medical savings accounts.
What Is Revenue Cycle Management in Healthcare?
R1 RCMFebruary 11, 2022
Revenue cycle management (RCM) in healthcare is the business process that enables organizations to be paid for providing services. There are 17 unique steps in the revenue cycle, which ...
Journal of AHIMA: Appeals, Denials, HIM and Utilization Review - A Winning Combination
Dr. Ronald HirschAugust 23, 2021
Many claim that people in the United States have access to the best healthcare in the world. And while that is easily refuted with data from multiple sources, there is no question that the United States has one of the most complex healthcare delivery systems in the world. The combination of public ...
Optimizing Financial Clearance to Thrive Amid COVID-19
Wanda BrooksJune 9, 2020
As both providers and patients cope with the impact of COVID-19’s high cost, little relief is in sight.
How Physician Practices Can Decrease Patient No Shows
Richard Lopez del RinconFebruary 20, 2020
Patients who do not show up for scheduled appointments disrupt practice flow by taking dedicated time slots away from other patients and negatively impact the productivity of both the provider and staff. Practices often waive ‘no shows’ as a normal part of business but when translated to a bottom-line impact, using a rate of collections per ...
Managed Healthcare Executive: Cadillac Tax Could Affect 1 in 5 Health Plans
Tracey WalkerJuly 18, 2019
The ACA’s tax on high-cost health plans—or “Cadillac Tax”—would affect one in five employers offering health benefits when it takes effect in 2022 unless employers change their health plans, according to a recent analysis.
MGMA: Use Rev Cycle to Nurture Patient Satisfaction
Joe PolarisJuly 15, 2019
Patient satisfaction, loyalty and retention — these are the lifeblood of any medical group. But in today’s ever-evolving healthcare landscape, how do you authentically and successfully nurture them?
