Posts Categorized: Revenue Cycle Management

This Claim Denial Statistic Will Blow You Away

Business photo created by katemangostar – www.freepik.com Here’s a jaw-dropping statistic about denied claims: Over 50% of denied claims are never resubmitted. Surprised by this number? If it seems far-fetched, you may want to take a closer look at your denial numbers. The fact is that denied claims are easy to forget about. As the revenue…


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

Business photo created by yanalya – www.freepik.com 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…


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

Background photo created by senivpetro – www.freepik.com 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…


5 Revenue Cycle Threats to Avoid

Business photo created by mindandi – www.freepik.com 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…


Revenue Cycle Management for Physician Practices

Medical photo created by freepik – www.freepik.com Every physician-owned practice knows the specific difficulties that they face when it comes to revenue cycle management. Limited resources make revenue cycle management a huge challenge. Because of the strain of keeping up with this, many physician practices have been bought out by larger health systems. Our solution…


What Is Revenue Cycle Management Software?

When most people think of healthcare, the first thing that pops in their head is not revenue cycle management. However, those of us in the medical world know how important it is. After all, practices run on cash flow. Among the many responsibilities that a practice manager faces, revenue cycle management is a top priority. With so…


Analytics Is the Leverage You Need

Business photo created by yanalya – www.freepik.com Managing the revenue cycle in a physician practice is one of the most important and most challenging roles. Without a productive revenue cycle, you don’t have cash flow. Without cash flow, you don’t get paid. This is why revenue cycle productivity is so important. The problem is, it…


Flip Your Revenue Cycle Into a Profit Center For Your Practice

Most practices face the challenge of managing their revenue cycle well. With more work, flat reimbursement rates, and staff turnover, it is difficult to break even, let alone increase revenue. Many practices accept that these are their circumstances and just try to get by. However, there are others who have discovered how to not only…


Analytics Is the Number One Opportunity for Healthcare Executives in 2019

2019 more than ever will be a year that practices need to take advantage of advanced revenue cycle analytics. Practice managers are no longer satisfied with merely observing the bare minimum metrics, such as net days in accounts receivable, or claim denial rate. The HealthCare Executive Group voted on and ranked what they believe are the…