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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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Understanding the Order to Cash Process: A Simple Guide

Nanonets

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

SSI Healthcare Rev Cycle Solutions

This bill includes details about the services provided, the insurance payment received, and the patient’s portion of the cost. Step 9: Accounts Receivable Management Accounts receivable management involves tracking and managing both incoming and outstanding payments from insurance providers and patients.

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

SSI Healthcare Rev Cycle Solutions

This bill includes details about the services provided, the insurance payment received, and the patient’s portion of the cost. Step 9: Accounts Receivable Management Accounts receivable management involves tracking and managing both incoming and outstanding payments from insurance providers and patients.

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

SSI Healthcare Rev Cycle Solutions

This proactive measure not only fortifies the billing process but also enhances financial health by accelerating cash flow by 6-10 days and reducing the days in accounts receivable (AR), ensuring a smoother and more efficient revenue cycle. Yet, within these challenges lie opportunities for significant financial gains.

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

SSI Healthcare Rev Cycle Solutions

This proactive measure not only fortifies the billing process but also enhances financial health by accelerating cash flow by 6-10 days and reducing the days in accounts receivable (AR), ensuring a smoother and more efficient revenue cycle. Yet, within these challenges lie opportunities for significant financial gains.

AR 52
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Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems

SSI Healthcare Rev Cycle Solutions

July 13, 2023 Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems As hospitals and health systems strive to optimize revenue cycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial.