ICD10monitor July 17, 2023
Today I want to share some exciting updates in medical revenue cycle management, outlining how clinics and hospitals can maximize their revenue while minimizing headaches. So, grab a cup of coffee, sit back, and let’s dive in!
First off, did you know that revenue leakage is a huge challenge for healthcare organizations? It’s money slipping through (financial) fingers. According to a study by the Healthcare Financial Management Association (HFMA), revenue leakage can account for up to 5 percent of a healthcare organization’s net revenue. That likely represents the difference between a facility being profitable or not profitable.
Fear not, though – there are solutions to tackle revenue leakage. One effective strategy is strong denial management. In fact, the Medical Group...
Today's Sponsors
Today's Sponsor