Posts Categorized: Revenue Cycle Management

Revenue Cycle Management for Physician Practices

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 is to use automation software to maximize…


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

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 is difficult to measure. Leverage to Measure…


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…


Everything Physician Practices Need to Know About the 2019 MPFS

We already know that the work for revenue cycle teams will increase in 2019. After the CMS published the Medicare Physician Fee Schedule (MPFS), we also know that reimbursement rates will remain flat across the board. These trends together will make it difficult for practices to increase their revenue this year. There are several factors that make…


3 Factors That Will Increase Your 2019 Revenue Cycle Workload

As 2018 winds down and the new year begins, it’s time for forward-thinking practices to take a look at what the next year might bring. Prepare your practice for the future by looking out for what trends will affect you in 2019. This year, there are a couple of trends that will cause your revenue…


Learn How This Practice Solved Their DME Charge Capture Problem

The Problem: Disappearing DMEs Andrews Sports Medicine & Orthopaedic Center is known for their excellence in sports medicine and orthopaedic patient care, research, education and prevention. As a large and growing practice who provides many DMEs, it makes the most sense for them to own their DMEs in-house. The problem is that DMEs have “legs”,…


How AI is Transforming the Healthcare Industry

The term artificial intelligence often brings to mind futuristic, human-like robots that aim to take over the world—something out of a sci-fi film. But in reality, AI is being developed and applied in many industries today, and it is changing the way we approach healthcare. The term artificial intelligence often brings to mind futuristic, human-like…


Why Is Revenue Cycle Management Important in the Healthcare Industry?

Managing your revenue cycle is important to keep your practice running. However, keeping your revenue cycle healthy takes a lot of time and energy, and it can often conflict with the many office and clinical responsibilities. Why is revenue cycle management so important? Defining Revenue Cycle Management In order to know why revenue cycle management…