The Anatomy of the Healthcare Revenue Cycle [Infographic]

The healthcare revenue cycle is made up of several important steps that all work together to increase cash flow within a medical practice. There are a couple of statistics that demonstrate several key points within the revenue cycle. According to an article by the AAFP, over 50% of denied claims never get reworked. That is a huge…


Here’s Where Revenue Cycle Leakage Occurs

  Don’t let revenue leakage drain your practice. With limited staff time and resources, it’s important to maintain a tightly run revenue cycle and increase practice cash flow whenever possible. Plug up these common revenue leaks to keep your practice afloat. Denied claims One of the most blatant sources of revenue cycle leakage is denied…


Are You Correctly Coding for Durolane Injections?

  As of January 1, 2019, a new HCPCS code J7318 “Hyaluronan or derivative, durolane, for intr-articualr injection, 1mg” became available to treat joint pain (Knee, hip, and other joints) usually caused by osteoarthritis. Typically, durolane is administered to patients when other osteoarthritis treatments or pain drugs have proven ineffective. Osteoarthritis (OA) occurs when cartilage…


Electronic Health Records: Benefits and Challenges

  Electronic Health Records aren’t going anywhere. Almost all healthcare systems and practices have transitioned to EHRs, but many physicians aren’t satisfied with their EHR. In order to improve EHRs for physicians, we need to take a look at both the benefits EHRs already provide, as well as the challenges they currently present. Benefits of…


Why We Care About Software Adoption (And You Should Too)

  You spent thousands of dollars on software to improve your revenue cycle. Your coding team is using the software, and you assumed that would be enough to achieve the results you wanted. But time goes on, and your revenue cycle outcomes barely improve. Either that, or you are paying for more staff to use…


5 Revenue Cycle Threats to Avoid

  The revenue cycle is the backbone of your practice. Without a healthy revenue cycle, you won’t get paid, and your practice will collapse. It’s important to be on the lookout for potential threats that could hinder your cash flow. Below are five revenue cycle threats we have identified as well as solutions to help…


Interoperability Is a Business Issue, Not a Technology Issue

  Healthcare IT leaders have been calling for interoperability of electronic health records since they were first introduced. Now, almost everyone uses EHRs. Since the healthcare community has been talking about interoperability for years, why is it still so elusive? Why It Matters Today more than ever, healthcare is focused on holistic patient-centered care. Holistic,…


How to Improve Electronic Health Records

There is a lot of good that comes from using EHRs. Patient data can be stored in one place electronically. It is not dependent on paper that could be lost or damaged. It can also allow for better data sharing between points of care (although the interoperability problem is not completely solved.) Despite the benefits…


These 7 Specialties Have the Most EHR-Related Stress

Physician burnout is a hot button issue among healthcare leaders today. Doctors want to provide quality care to their patients, but there’s an elephant in the room – it’s their EHR. A recent survey reported that 70% of EHR users experience HIT-related stress. That means that the vast majority of EHR users are dissatisfied, and even find that EHRs…


5 Challenges Healthcare Executives Face Right Now

Healthcare executives have varying concerns and responsibilities that they have to balance, both on a day-to-day level and on the larger scale level. Things are constantly changing in the healthcare field. The Healthcare Executive Group identified some of the biggest challenges and opportunities for 2019, and these are 5 of the biggest threats and challenges that…


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