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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. This year promises to be a crucible of transformation, testing the resilience and adaptability of industry leaders while offering fresh perspectives on managing revenue cycles more efficiently and effectively.

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App Partner Stories: Supporting a (robotic) bird’s eye view of analytics (literally)

Xero

Aerium has also been able to tighten up their revenue cycles, which has sped up accounts receivable collections. It was so easy to do, and I rarely spend time chasing anybody other than supervisors to make sure that they’ve actually approved the hours that people have put in,” explains Jeff.

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

Compleatable

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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Get Paid Faster: Adopt an AI Solution That Integrates Credit Decisions into Your CRM

Trade Credit & Liquidity Management

Slow customer onboarding : Credit decisions delay the start of revenue cycles. Sales teams often wait days for approvals even after deals are closed, leading to delays in onboarding and revenue recognition. See how FinFloh can transform your credit decisioning and streamline your entire order-to-cash cycle. Book a demo.

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

SSI Healthcare Rev Cycle Solutions

With provider margins razor thin, hospitals and medical groups report continued revenue cycle workforce shortages and increased challenges competing to fill open positions amidst compensation wars. With that experience comes a wealth of claims data that we share with revenue cycle leaders.

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

SSI Healthcare Rev Cycle Solutions

With provider margins razor thin, hospitals and medical groups report continued revenue cycle workforce shortages and increased challenges competing to fill open positions amidst compensation wars. With that experience comes a wealth of claims data that we share with revenue cycle leaders.

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

SSI Healthcare Rev Cycle Solutions

Timely submission is crucial, as delays can lead to payment issues and hinder the overall revenue cycle. Step 6: Healthcare Claim Adjudication Upon receiving the claim, the insurance provider initiates the claim adjudication process. Patients are then responsible for making timely payments to the healthcare facility.