RevCycle Intelligence August 28, 2023
Providers are leaving money on the table, but a tighter revenue cycle and technology can help practices identify and close gaps.
The impact of missed revenue opportunities has never felt more extreme, especially in today’s economy. The severity of rising healthcare costs has reached an unprecedented level. According to a recent MGMA poll, 90 percent of medical practices reported their costs have risen faster than their revenues, while only 10 percent said their revenues are keeping pace or ahead of rising costs.
As practices notice a change in their cash flow due to rising costs, overlooked revenue opportunities are also playing a large part in the potential decline. Undetected, these earned — yet not collected — revenue streams can...
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