BIS Revenue Reclaimed: 21% Cash Growth
BIS Revenue Reclaimed: 21% Cash Growth Operational Excellence in Revenue Cycle: Fewer Denials, Stronger Collections Introduction FOCUS AREAS TO COMPLETE CHALLENGE Prevention Measures Coding Review and Denial Analysis Insurance AR Team Progress CHALLENGE SUMMARY Reduce denial rates to below 8% and improve overall revenue collections. RESULTS SUMMARY Denial rates reduced from 15% in 2023 to […]
Diagnosing and Solving Inefficient Revenue Cycle Management
Diagnosing and Solving Inefficient Revenue Cycle Management Revenue Cycle Management (RCM) is a critical process used by healthcareorganizations to manage the financial aspects of patient care, from the initialappointment to the final payment of services rendered Introduction The goal of RCM is to ensure timely and efficient payment for healthcare services, minimizing lost revenue and […]
