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The Impact of Patient Access on Denials and Revenue

SSI Healthcare Rev Cycle Solutions

Reported rates of denials are increasing at an alarming rate, but the vast majority are preventable. [1] In 2022, 22 percent of healthcare staff said denial rates were increasingthis number jumped to 73 percent in 2024. [2] According to 2024 SSI data, front end issues make up the top reason for denials at 32.5% of total denials.

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What Is A Debt Management & Collections System?

Billing Platform

above where they were in 2022. So whether you’re a small and medium-sized business (SMB) or a large enterprise, one thing is certain – collecting unpaid debt is time-consuming and filled with challenges. This is where a debt management and collections system can help keep your revenue flowing. And the benefits don’t end there.

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The future of work - where are we headed?

Nanonets

According to Ipsos and McKinsey , in 2022, 58% of Americans had the option to work from home at least once a week, and 38% were not required to work in the office regularly. Gartner reports that 40% of small-to-midsize businesses are already evaluating AR/VR for their operations.

AR
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Real Estate Trends: 7 Accounts Payable Movements to Track in 2022

AvidXchange

Some firms are also investing in automated rent collection portals and subsets of the industry like parking lots in big cities are curious about hyperautomation, like machine learning, that can enable worker-less environments. Explore AvidSuite for Real Estate: Your end-to-end purchase to pay solution 3.

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Understanding Accounts Payable vs Receivable: A Simple Guide

Nanonets

On the other hand,  accounts receivable  (AR) represents the money owed to a company by its customers for products or services that have been invoiced. Accounts receivable (AR) represents the money owed to a company by its customers for products or services that have been invoiced. What is Accounts Receivable?

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Understanding the Accounts Receivable Cycle - Get Paid Faster!

Nanonets

It is important to collect accounts receivable as soon as possible to avoid tying up working capital and facing longer business cycles. Implementing  effective accounts receivable  processes can involve setting up credit policies, issuing invoices promptly, collecting payments efficiently, and maintaining AR reports.

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How Straight Through Processing Automates Delivery and Receipt of Payments for a Busy Small Business  

AvidXchange

Because their accounting software didn’t integrate with their credit card processor, each transaction needed to be handled manually, requiring Clark or someone else at Capital Lock to collect 16-digit credit card numbers over the phone or via email and enter them into their system. “We joined the AvidPay Network in 2013.

AR