In a Down Economy, Tightening and Automating Revenue Cycle Processes Can Significantly Improve Group Practice Financial Performance
In a down economy, tightening and automating revenue cycle processes can significantly improve group practice financial performance. The trend among employers to shift health care costs to employees is likely to accelerate. Many patients may lose coverage altogether. These trends will strain the ability of many medical groups to maintain physician income and adequate cash flow to fund operations. Developing the capability to accurately bill patients at the time of service will help prevent losses. It requires auditing, improving and, where possible, automating basic revenue cycle functions.
(PDF format - click here to download the latest version of acrobat reader)
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- Carondelet to Pay $35M to Settle Fraud Allegations
- Some Cancer Hospitals' Quality Data Will Soon Be Public
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CA Powers Up $80M HIE to 'Create Value in the Data'
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- 3 Traits Personality Assessments Can't Reveal