No one likes receiving bills, no matter how much they are. When were you last excited about an invoice you had to pay? Like it or not, invoicing customers or patients is part of running a digital health company. And while you may not be able to induce excitement around your billing and invoices, taking …
6 Ways Digital Health Companies Can Improve Patient Financial Engagement Read More »
Insurance claim denials are a massive financial headache for private practices today. In essence, a denial is a threat to your income. And when denials pile up, they affect your practice’s financial health. Practicing denial management in healthcare can keep your business on track and help you focus more of your time on patient care. …
You’ve undoubtedly heard the buzz around automation in the healthcare industry. But the buzz is perhaps loudest when addressing needs within revenue cycle management (RCM). Technology, billing and RCM organizations are working every day to improve the time-consuming and often frustrating tasks required for insurance reimbursement. Why all this focus on revenue cycle automation? Because …
How Revenue Cycle Automation Can Reduce Workload, Ease Burnout and Grow Revenue Read More »
It would be an understatement to say that artificial intelligence (AI) and automation are “trending topics” today. Everywhere you look, there’s a headline about a new use case for OpenAI’s ChatGPT — from college essays to law exams, real estate listings to blog posts. Even in healthcare, we’re seeing the trend take over. Yes — …
As a self-pay practice, you may already have a steady stream of patients who come through your door. But you know there’s potential to increase that patient flow — potential to help more people and grow your business. Accessing that patient population, however, means learning how to accept insurance as a therapist — switching from …
Self-Pay to In-Network: How To Accept Insurance as a Therapist Read More »
There are many moving parts to your practice’s revenue cycle management (RCM). But one of the most critical components is your accounts receivable, or A/R. Tracking and improving accounts receivable in healthcare is crucial for building a thriving, financially strong practice. Let’s dive into some essential knowledge and best practices around healthcare accounts receivable. What …
What Is Accounts Receivable (A/R) in Healthcare and Why Does It Matter? Read More »
Another year has come and gone — and that means it’s time for predictions on the year ahead. While 2022 may have been a bumpy ride for the healthcare industry (to say the least), we’re setting our sights on the future. We asked our in-house experts to look into their crystal ball and offer predictions …
Healthcare Revenue Cycle Management Trends: What to Expect in 2023 Read More »
Regardless of your practice size, specialty or location, healthy revenue cycle management (RCM) is critical to your business’s success. Essentially, healthcare RCM is the process your practice must follow to get paid for the care you provide. And we all need to get paid, right? Unfortunately, maintaining an efficient RCM process isn’t easy. There are …
Best Practices for Revenue Cycle Management (RCM) Read More »
While not used by every private practice, electronic health records (EHR) have become the norm for independent physician offices. Adoption has been rising over the last 18 years — in 2017, 86% of office-based physicians reported using an EHR. EHRs are crucial for managing patient care — they simplify and organize communication and records to …
Why You Should Integrate Your EHR System with an RCM Platform Read More »
With private practice ownership making a comeback post pandemic, it’s vital to deploy the best strategies to help build a successful clinical practice.
Physician influencer and clinician Dr. Brent Lacey, founder of the popular blog/podcast “Scope of Practice” shares the best strategies to build a successful practice.
