One of the predictable challenges with hospital accounts receivable is denial of insurance claims. Ensuring a streamlined process for denial management remains one of the major ways to resolve the challenges with bad debts or unnecessary write offs which cripples your profits. As a competent hospital, you must look for experienced resources who know how […]
Reducing gaps with practice management as a hospital is a key area of concern today. As a provider of inpatient care, you must have the right provisions in place with your resource planning. There should be a simultaneous focus on how to manage your claims and patient care at the same time. However, it can […]
A huge challenge for any hospital at present will always be to on course with their inpatient admissions, taking care of the patients, and offering them prompt support. Securing prompt support, making a genuine effort to submit billing properly by staying ahead of inpatient billing guidelines is so important presently. Loss of revenue eventually happens […]
Do you experience oft-repeated cash crunch in your healthcare business? Are you able to check the denials and find out the fallouts? Maybe the rising operational costs are taking a toll on the hospital accounts receivable. To shorten the revenue cycle and improve incessant cash flow, extensive probing is desirable. Are your claims have been […]
Are you giving diligent attention to your old accounts receivable? How good are you in estimating collection rates after filing of claims? Moreover, how well do you understand efficient accounts receivable management? Mostly, we tend to hear, ‘our accounts receivable collection rate is the lowest.’ To stop the intermittent flow, it is imperative to identify, […]
How integrated is the interpretation of aging accounts receivable? Probably, an intensive probing is required. The US healthcare industry is facing oft-repeated irregularities in financial management and a detailed analytical report gives a resolution and prevention methodologies can be adopted. It has been seen that the healthcare accounts receivable is a hectic task. In the […]
How do you measure the financial health of your healthcare business? Do you have too much of old accounts receivable that need immediate attention? A quick and probing analysis of your unpaid invoices can help. However, it must be ensured that such an audit is carried out by a competent authority. Outsourced A/R analysis, among […]
It is true that the healthcare industry is becoming competitive with passing time. New innovations in infrastructure, as well as technology advancements, and technological developments, are influencing providers in their day to day operational practices. For example, a 22 million record HCP database can solve difficult data challenges in managing, validating, and enriching healthcare practitioner […]
The changing dynamics in the healthcare industry with new customization & technology brilliance is well evident. It is also significant to note that there have been significant advancements in medical science that ask for needed alterations in the medical coding as well as billing process. Hospital accounts receivable is truly one of the complex services […]
Management of accounts, especially with inpatient hospitalization, can be increasingly challenging for the providers. It is important to note in this aspect that insurance companies have a specific set of guidelines with their claims adjudication process. ♦ Hence, it is important for the practices to have a disciplined understanding of the regulations so that they […]
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