Revenue Cycle Strategies for Managing Patient Accounts Receivable (Health & Beauty - Health Services)
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Item ID 132657102 in Category: Health & Beauty - Health Services
Revenue Cycle Strategies for Managing Patient Accounts Receivable | |
A Guide to Accounts Receivable (A/R) The healthcare practice’s Accounts Receivable (A/R) encompasses various complexities and subtleties. The Accounts Receivable process is continually evolving, presenting numerous challenges. Although A/R challenges may not solely determine success, improving A/R turnaround time can have a significant impact. Based on an MGMA Stat poll, 56% of medical groups reported an increase in their A/R time in 2022. The key challenges faced by respondents in handling collections and A/R days included: Difficulties in billing and collections. Escalation in prior authorizations. Heightened demands for documentation, coding, or review notes. Additional time required to understand the Electronic Health Record (EHR). Issues related to credentialing. Effectively navigating through these A/R challenges and finding viable solutions can revolutionize your medical practice. With the guidance of Greenway Health, let’s explore strategies involving workflows, patient education, patient costs, and financial policy. By integrating these elements cohesively, we can establish a science of best practices in A/R management. | |
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| Target State: California Target City : Glendale Last Update : Aug 04, 2023 7:48 AM Number of Views: 72 | Item Owner : Albert Brown Contact Email: Contact Phone: +1-866-854-2714 |
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2024-05-07 (0.519 sec)