Remove Auditing Remove Billing Remove Revenue Cycle
article thumbnail

Preparing for 2025: Key Trends & Predictions in Medical Collections

RevCycle

In 2025, a strategic approach to collections, leveraging technology and focusing on patient relationships, will be essential for having efficient, quality and performance improvement in your revenue cycle management. Conduct regular compliance audits: Identify potential vulnerabilities and implement corrective actions.

article thumbnail

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

Compleatable

Collection, digitization, verification, coding and approval of Invoices and Bills improves finance efficiency by up to 95%. Cash Reserves : Maintain a cash reserve to cover unexpected expenses or revenue shortfalls, such as during periods of low occupancy. Access and visibility are key.

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 To Maximize Medicare Reimbursements

RevCycle

From ensuring compliance with billing practices to navigating value-based care programs, we’ll provide easy to implement, actionable tips. Incorrect codes or insufficient documentation can lead to underpayments, claim denials, or even audits. Providers must stay aware of any LCDs that may affect their billing practices.

Billing 79
article thumbnail

The Evolution of Electronic Medical Claims and Revenue Cycle Management in the US Healthcare System

SSI Healthcare Rev Cycle Solutions

The Evolution of Electronic Medical Claims and Revenue Cycle Management in the US Healthcare System Home / November 29, 2023 In the constantly evolving landscape of US healthcare, the story of electronic medical claims and revenue cycle management stands out as a testament to technology’s transformative power.

article thumbnail

Infographic: Get Out of the Denial Danger Zone

SSI Healthcare Rev Cycle Solutions

A Path Forward: SSI Solutions (Claims Reporting and Analytics, Denial Management, Audit Management). Our powerful, easy-to-use platform simplifies denial management from the start and helps your revenue cycle team take a proactive approach to working unpaid claims and managing the recovery process. Search for: Recent Posts.

article thumbnail

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.

article thumbnail

Understanding Revenue Leakage: Causes, Prevention and Solutions

Billing Platform

However, there are strategies you can put in place that will minimize revenue leakage. Second Do all industries encounter revenue leakage? Unfortunately, revenue leakage is more prevalent in industries that require complex billing systems, like telecom, software as a service (SaaS), finance, and logistics.

Billing 52