5 Smart Tips to Improve Revenue Cycle Management
The growing challenge of rising provider costs, a volatile healthcare market, and patient debt may seem impossible, but that is precisely why revenue cycle management is so important. Revenue cycle management is dynamically evolving under a growing value-based approach to care in an age of digital innovation. As a result, providers, from single-doctor family practices […]
Medical Billing Industry Growth
The medical billing industry has been steadily growing over the last five years. According to IBIS World, the industry has seen an average of 3.1% growth to $4.3 billion from 2015-2020. While many sources have said that the industry took a minor hit in 2020 due to the Covid-19 pandemic, the industry is expected to rebound quickly. As […]
Successful Healthcare Revenue Cycle Management
A successful healthcare revenue cycle management system can help hospitals streamline administrative and clinical tasks. In simple terms, healthcare organizations must stay in the black and maintain profitability to succeed at healthcare revenue cycle management. Let’s show you how to maximize the revenue cycle and ensure paid claims quickly. “If you’re bringing in a certain […]
What is Revenue Cycle Management?
The performance of a medical practice’s billing operations has a significant impact on financial performance. Determine the ultimate gatekeepers of the billing function – whether an in-house team or a third-party company – is one of your most important decisions. This blog discusses the key drivers of your revenue cycle. It provides a tool to […]
Generate More Revenue for your Medical Billing Business
A guide to making more revenue and profit; Build your Medical Billing Business with these tips! There are lots of ways you can generate more revenue if you’re running your medical billing and coding business. Revenue typically comes in three forms: straight cash from payments return on investments growth Successful business owners treat these three […]