According to a recent report by MicroMarket Monitor, the market for third-party revenue cycle management (RCM) providers has been exploding lately. With the consolidation of health providers and the
Knowing which data to analyze when measuring your organization’s profitability is just as important as having the right tools to do it. Sure, you can measure your profits and losses
With the increase in HDHPs and high-tech innovations, practices and health organizations should equip themselves with the tools and resources necessary to optimize revenue cycles amid constant change. Keeping
There is a direct connection between efficient doctor’s appointments and successful payment collections. While proper medical billing practices are important, patient payment collections can only be optimized when the entire
According to Becker’s Hospital Review, customer service with regards to billing influences how patients rate their overall healthcare experiences. Many patients find billing statements difficult to comprehend, and question their accuracy so
When a healthcare organization prepares to choose a medical collections partner, the candidate’s communications practices should share top priority with their overall proven effectiveness. After all, the vitality of the medical business will
If you’re in the healthcare industry, chances are you’ll encounter more than a few patients who have a high-deductible health plan (HDHP). In fact, a recent Health Policy Brief published by
Millennials will soon overtake the Baby Boomers and be the largest demographic in the healthcare industry. Therefore, patient collection strategies should be aligned with the millennial patients in mind to
Trends in healthcare over the past decade or so have created a culture in which small practices struggle to collect medical payments. It’s an intensive process made more difficult due
The most striking change to collecting healthcare payments in recent years is the increasing complexity. Historically, insurance payers paid the majority of most medical bills. However, after the rollout of
