Revenue Cycle Best Practices: Improving your Financial Performance whitepaper
During a practice’s revenue cycle, simple mistakes and lost opportunities can hurt your bottom line. Based on nearly 30 years of experience offering revenue cycle services to providers, we’ve identified the most impactful, yet easy-to-implement tactics that providers can use to maximize their practice’s financial performance.
Any practice can apply these revenue cycle management (RCM) best practices, whether it handles its own billing and collections or uses an outside billing service. If you are looking for ways to increase revenue, decrease account receivables, reduce expenses, streamline workflow, and most importantly, improve control of your business, find out if your office is following these RCM best practices.
In this short whitepaper, we will discuss a few ways you can ensure your future success!
- How to make patient responsibility more transparent
- Monitoring your claims and denials
- Managing your payor contracts
- Establishing key performance indicators
- And more!