The term "revenue leakage" refers to a missed chance to collect income from your practise. Denied claims, piling accounts receivable claims, unbilled procedures, credentialing-related denials, underpayments, unbilled claims and unpaid patient balances can all cause revenue leakage. Medical billing and revenue leakages can result in considerable losses for any healthcare practise due to...
3 Best Practices to Recover Revenue in Account Receivables
Setting up a strong account receivables (AR) management strategy is important for a successful practice. Is the number of denials and write-offs escalating out of control? It's possible that your accounts receivable plan has to be re-evaluated. An efficient healthcare AR strategy can result in speedier payments and improved financial performance,...
Proven Strategies to Boost Billing Efficiency
It is a weird paradox. As the healthcare sector is transiting towards integrated and cost-effective business models, the revenue cycle of the practices is becoming more fragmented and expensive. Drastic cuts in payer reimbursements increase patient payments, and ever-changing regulations are complex, traditional, and outdated approaches to RCM. Thereby, according...