Practice/Group Management Tips
6 Crucial Steps to Sustaining Revenue Cycle Growth in 2025
As the year comes to a close, you’re likely taking stock of where to focus your revenue cycle efforts to collect more revenue and sustain growth once we turn the page on 2024. Regardless of whether you operate a small practice or a large provider health system, you have an ongoing goal to bill more…
Read MoreMeasuring RCM Success: 3 Proven Strategies for Evaluating the Effectiveness of Your Current Revenue Cycle Processes
In today’s competitive healthcare environment, understanding the effectiveness of your practice’s revenue cycle process is crucial for maintaining financial health and operational efficiency. Whether managing small practices or large healthcare systems, a well-optimized revenue cycle can significantly impact your organization’s bottom line, ensuring you collect more revenue faster and sustain growth.1 Yet many practices face…
Read MoreHow Business Intelligence Transforms Healthcare Practice Revenue
Informed decision-making is a key component of revenue cycle success in any healthcare organization, from laboratories and urgent care centers to behavioral health and orthopedic practices. However, making the smartest business decisions requires full disclosure to all of your practice data. The challenge for many practices is accessing the most up-to-date information about financial performance,…
Read MoreHow to Maximize Billables From Telehealth Visits
Telehealth visits have exploded in popularity since the COVID-19 pandemic, with post-pandemic utilization holding steady at a higher rate than pre-pandemic levels.1 What began as a stop-gap measure to continue providing care during nationwide lockdowns has quickly become a mainstay in the U.S. healthcare system. However, practices offering telehealth now face a new challenge: driving…
Read More5 Steps to Streamlining Your Billing Process for Patients
In today’s rapidly evolving healthcare landscape, medical practices are faced with the challenge of managing an increasingly complex patient billing process. As patient volumes and regulatory requirements continue to grow, healthcare providers are seeking innovative ways to streamline their billing operations and simplify patient invoicing. According to a 2023 survey from Bain & Company and…
Read MoreBest Practices for Ensuring Compliance in Healthcare Billing
Optimizing billing, coding, and A/R management workflows is crucial to the success of any healthcare revenue cycle. However, tying together each function is one vital component that can make or break your bottom line: compliance. Despite best efforts, many billing teams struggle to appropriately code and bill for complex charges while balancing the countless other…
Read MoreA Practice Roadmap for Orthopedic Revenue Cycle Management
Revenue cycle management (RCM) is the backbone of practice success. However, the revenue cycle is notoriously difficult to manage and optimize in orthopedic practices, with threats to revenue growth hiding around every corner. Shielding your bottom line from revenue loss is no simple task, but the best place to start is an end-to-end assessment of…
Read More5 Crucial Steps for Optimizing Behavioral Health Practice Revenue Cycle Management
Revenue cycle management (RCM) is a massive challenge for any healthcare organization to tackle, but behavioral health practices face even greater hurdles on the path to success. Unlike many medical specialties, behavioral health is a complex niche with variable payer involvement and unstandardized billing practices. In addition to the challenge of getting your practice paid,…
Read MoreHow Outsourcing Patient Billing Calls Supports a Strong RCM Program
Every step in the revenue cycle is mission-critical for your practice to get paid, but there’s one process that’s easily overlooked when your billing team is overworked: Patient payments. Following up on outstanding balances is tedious and consumes valuable time that your staff needs to complete other tasks. However, patient collections are vital to your…
Read MoreBest Practices for Patient Eligibility Verification
As any practice administrator knows, the process of getting paid starts far before the patient steps foot in the office. What some fail to see is the critical importance of the first step in the revenue cycle: patient eligibility verification. Without a foolproof process in place, even the smallest documentation error or verification oversight may…
Read More