article thumbnail

The Impact of Patient Access on Denials and Revenue

SSI Healthcare Rev Cycle Solutions

The same survey found that 50 percent of hospitals and health systems reported over $100 million in AR for claims older than six months. [6] More than 30% of Hospitals Are Near the Danger Zone of Denial Rates. June 18, 2021. Request a demo of Access Director to review where we can best fit in your future of patient access.

article thumbnail

How Healthcare Billing Departments Can Maximize AR Potential Before Year-End

SSI Healthcare Rev Cycle Solutions

How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Home / November 17, 2023 In the digital age, innovation often means mastering the fundamentals. These key insights can maximize your AR potential before year-end. Initial denial rates have risen over a percentage point each year industry-wide since 2021.

AR 59
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Healthcare Billing Departments Can Maximize AR Potential Before Year-End

SSI Healthcare Rev Cycle Solutions

How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Home / November 17, 2023 In the digital age, innovation often means mastering the fundamentals. These key insights can maximize your AR potential before year-end. Initial denial rates have risen over a percentage point each year industry-wide since 2021.

AR 52
article thumbnail

The future of work - where are we headed?

Nanonets

Effects of virtual reality, augmented reality & mixed reality on the workplace Photo by XR Expo / Unsplash Virtual reality (VR), augmented reality (AR), and mixed reality (MR) – collectively called XR – are gaining popularity in the modern workplace.

AR 105
article thumbnail

6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

Although AP automation rates jumped from 32% to 51% between 2021 and 2022, more than 80% of firms still haven’t fully automated their AP workflow. During the next 12 months, expect to see initiatives from both parties as they try to streamline AP and AR to shorten the time it takes to bill, approve, pay and deposit funds.

article thumbnail

Small Business Financing: Which Type Is Best? 

AvidXchange

Interest rates are the highest they’ve been in decades and banks are tightening lending standards. Small businesses are feeling the crunch as inflation drives up prices and supply chain challenges persist. In 2021, only 31% of small businesses that applied for a loan received the funding they sought.

Invoicing 105
article thumbnail

Handyman Service Receives Faster Payments with AvidXchange

AvidXchange

In 2023, I’m getting paid for services rendered in 2020 and 2021. There’s no credit check required, and suppliers can work with a dedicated team focused on facilitating payments and supporting the accounts receivable (AR) process. That’s a long time to think about those jobs and have them on the books.” But neither is rapid payment.