Self-pay patients are on the rise as a result of more health plans with high deductibles and lower monthly premiums. Sadly, it can be tough for medical practices to get full payment from patients, which results in a decline in… Read More
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What Makes Revenue Cycle Management Successful?
For a healthcare organization to succeed from a financial standpoint, revenue cycle management needs to be in place. It can be described as the management of claims, payment, and revenue production. To put it simply, it ensures that claims reimbursements… Read More
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Hospital Revenue Cycle Challenges
In the past few years, hospitals have been able to improve many revenue cycle components. Although this is good news, a recent Revenue Cycle Survey from Advisory Board showed that there has also been a drastic increase in claim denials…. Read More