Remove Collections Remove Information Remove Revenue Cycle Management
article thumbnail

Preparing for 2025: Key Trends & Predictions in Medical Collections

RevCycle

As healthcare providers navigate the evolving landscape of medical collections, staying informed about emerging trends and potential regulatory changes is crucial. Technological Advancements: As technology evolves, there may be new regulations regarding the use of AI and automation in debt collection.

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

Lavaca Medical Center Boosts Revenue Cycle Operational Efficiency Amid an EHR Upgrade

SSI Healthcare Rev Cycle Solutions

Clean Claim Rate: Rose from 74% to 88% Enrollment: Streamlined and significantly easier to manage AR Days: Decreased, with full stabilization pending recovery from prior system outages Dont be afraid to change your revenue cycle management system before a major EMR/HIS upgrade.

article thumbnail

Unwinding Medicaid Continuous Coverage: Understanding the Importance of a Solid Eligibility Verification Strategy and PBE

SSI Healthcare Rev Cycle Solutions

This could result in an increased burden on hospitals to screen patients for charity care, financial assistance, and collection activity. For more information on SSI PBE, contact us or request a demo. Click the button below to receive a customized tutorial catered to your specific revenue cycle management (RCM) needs.

article thumbnail

Eligibility Denials: A Major Challenge for Hospitals

SSI Healthcare Rev Cycle Solutions

Eligibility verification is one of the most critical steps of your revenue cycle management process, heightening your overall financial security. When eligibility verification is not performed correctly or at key points in the cycle, healthcare services and payments can be delayed, and claim denials can occur.

article thumbnail

Solving the Prior Authorization Dilemma: How Michigan Led the Way and What’s Next

SSI Healthcare Rev Cycle Solutions

Solving the Prior Authorization Dilemma: How Michigan Led the Way and What’s Next [Live Webinar] Join us for an informative webinar to discover how Michigan is revolutionizing the prior authorization process in healthcare. Updates on program performance, data collection, and upcoming reporting requirements for payers. •

article thumbnail

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. During check-in at a healthcare facility, the patient provides essential personal and insurance information, which includes their name, address, contact details, date of birth, and insurance policy details.