3 Ways to Boost Patient Collections at Your Practice
- March 14, 2022
- ankit laddha
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Improving upfront patient collections is undoubtedly one of the biggest challenges facing US medical practice owners. While patients are now commonly expected to pay large portions of their medical bills themselves, it’s estimated that over 60% of hospital patients cannot pay medical bills in full. As per Congressional Research Service, the pandemic-induced unemployment meant that…
Healthcare Revenue Cycle Management – A Guide for US Medical Practices
- March 10, 2022
- ankit laddha
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Any medical enterprise that wants to achieve financial sustainability must have efficient healthcare revenue cycle management (RCM). RCM involves all the steps a medical practice takes from the patient’s initial appointment to the final balance payment for the service. While one may think that the healthcare revenue cycle management is straightforward, it is quite complex…