Ongoing fiscal challenges continue to emerge on a week-by-week basis in the modern medical landscape including:
- The evolution of ACA
- higher uncompensated care costs
- managing MACRA reimbursement schedules
- unprecedented patient volume
- and the continued challenge to reach 100% electronification, just to name a few!
With all of these uncontrollable obstacles, the last thing you want is to further complicate your bottom line by not attending to inefficiencies that are controllable.
An article at hfma.com explores in great detail 5 inefficiencies that may be hindering your revenue cycle.
Here’s the list:
- Low Front-End Collections
- Increase in Payer Denials
- Buildup in Small-Balance A/R
- Decrease in Clean-Claim Rate
- Increase in Underpayments
If any of those situations sound familiar to you, A) get to hfma.com and read the very informative article, and; B) if you haven’t already, check out OrboGraph’s comprehensive Healthcare Payments Solutions web page to start on the road to efficient revenue cycle management and payment processing!