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2024 Revenue Cycle Management Challenges and Emerging Trends

SSI Healthcare Rev Cycle Solutions

2024 Revenue Cycle Management Challenges and Emerging Trends Home / January 16, 2024 Author: David Mancuso, Sr. Marketing Manager at The SSI Group, LLC Welcome to the healthcare landscape of 2024 – a complex terrain where high stakes meet numerous challenges, defining a dynamic and demanding era in healthcare.

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North American Assisted Living & Aged Care Purchasing, Procurement, Finance and Accounting Best Practices.

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Cash Reserves : Maintain a cash reserve to cover unexpected expenses or revenue shortfalls, such as during periods of low occupancy. Revenue Cycle Management : Streamline billing and collections processes to ensure timely payments from residents, insurance companies, and government programs. Access and visibility are key.

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Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment

SSI Healthcare Rev Cycle Solutions

This claim typically includes detailed information about the benefits, associated costs, and relevant patient information. A healthcare claim aims to facilitate the financial transaction between the provider and the payer, ensuring that the provider receives appropriate compensation for the medical services delivered.

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Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment

SSI Healthcare Rev Cycle Solutions

This claim typically includes detailed information about the benefits, associated costs, and relevant patient information. A healthcare claim aims to facilitate the financial transaction between the provider and the payer, ensuring that the provider receives appropriate compensation for the medical services delivered.

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

SSI Healthcare Rev Cycle Solutions

A recent survey commissioned by the Healthcare Financial Management Association’s Pulse Survey program ranked the common reasons for initial payer denials, putting errors in patient access and registration at the top, followed by medical necessity and incorrect patient information. But why is this important for healthcare providers?

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Understanding the Order to Cash Process: A Simple Guide

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The  OTC process  encompasses a series of steps, starting from when a customer makes a purchase to when the business receives and clears cash for that purchase. It includes  order management ,  credit management ,  order fulfillment , invoicing, accounts receivable, payment collection, and  data management.

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SSI’s Integrations Make Epic Medical Billing Easy

SSI Healthcare Rev Cycle Solutions

This information is provided via 277ca code transaction that is returned to Epic via the VPN immediately. Rapid Retest provides real time feedback in order to shorten the accounts receivable days. That single 837 claim is going to be evaluated by an SSI validation service instead of going into the SSI billing package.

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