When it comes to managing your revenue cycle, one weakness can lead to several issues.
Keeping data up to date is the first step to improving accounts receivable management.
More healthcare organizations are looking to streamline their revenue cycles in 2016 to reduce any unnecessary costs.
While private spaces come at a high cost for patients, a new study shows that they reduce total operating costs due to the prevention of infection and communicable disease spread within facilities.
More patients than ever are seeking medical evaluations and even treatment online.
As hospitals acquire physician practices, a study by the Journal of the American Medical Association says this shift has contributed to rising costs.
Many hospitals and medical centers have made smart investments in private practices. However, when the billing and collections models for these entities collide, sometimes different methods and approaches are inconsistent.
While many accounts receivable decision makers have looked to automation as a solution to the congestion of claims, a balance between the personal and the automated is best. Software and other tools that streamline manual processes can be a huge asset.
If your billing and collections administrators are overwhelmed with claims, you might think the solution is to hire more of them. However, sometimes a small, well-trained staff can be more efficient and cost-effective than a large, under-trained team.