HealthLeaders Media May 30, 2024
A provider study commissioned by Encoda and conducted by Sage Growth Partners highlights 2024 revenue cycle challenges and opportunities.
KEY TAKEAWAYS
– Just 25% of practices believe health plans are paying as much on claims as they should be.
– This from the 2024 study, The State of Payer Reimbursement in 2024: It’s Time to Stop Living in Denials.
– Changing payer rules and difficult payer relationships are the top reasons cited but the data tells a nuanced story.
Their mind’s on their money and their money’s on their mind — a/k/a physician practices and their revenue. In a recent survey, practices reported they spend 41% of their time, nearly half of every day, thinking about revenue cycle management (RCM).
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