Revenue Cycle Management

How to Generate Revenue in a Medical Practice?

Medical practices are known to generate revenue through offering healthcare services to patients. However, healthcare dynamics are shifting at a rapid rate with new practices emerging in the market and patients and insurance companies demanding value-based care.  Competition is high and insurance companies are setting high standards on what they reimburse, resulting in low revenue

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How Providers Grow Revenue Without Compromising Patient Outcomes

When it comes to providing and receiving healthcare in the United States, cost means everything. Providers, payers, and patients are all motivated by price. Some claim it’s a good system, others say otherwise, but until a replacement arrives, it’s the only one available. With this in mind, providers need to find ways to grow revenue

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The Future of Fintech in Healthcare

Image Source: Pexels Financial technology, or fintech, is a prominent part of every industry. In healthcare, digital finance systems may just mean the difference between accessible payment outcomes for patients or a continuation of the complexity and difficulties that have plagued the system. Advancements in fintech are making a world of innovations possible. These advancements

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How To Increase Revenue And Patients To Your Medical Practice

With the ever-increasing competition in healthcare, patient acquisition strategies are critical to a profitable medical business.  According to recent research, healthcare providers spent more than $2.1 billion on digital advertising in 2017, and the number is expected to reach $2.9 billion by 2021.  These statistics highlight the dire need for attracting new patients. Indeed, a

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How to Boost Profitability through Revenue Cycle For Your Medical Facility

A revenue cycle is a system used by healthcare facilities to track revenue or money paid to the facility by a patient for services offered. It involves receiving, recording, and managing client revenue by the healthcare facility. Before looking at how to boost profitability, it’s crucial to address the problems that face the healthcare sector,

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Building Your Revenue Cycle Roster: How Running An NFL Offense is Like Managing Your Hospital’s Reimbursement

Sports (specifically football) and healthcare seem to be on opposite ends of the spectrum, but there are more correlations than you think. Not to say the healthcare industry involves running full speed and attempting to tackle someone who is twice your size, but they both require a system where you need to surround yourself with

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