For healthcare providers, claim denials are a major revenue drain. The average denial rate for healthcare claims is between 5% and 10%, and for some organizations, it can spike as high as 15-20% (MGMA). That’s money left on the table, additional administrative work, and a growing backlog of unresolved claims that can slow down cash […]
Rising operational costs, complex billing processes, and delayed collections can strain resources and disrupt cash flow. But with the right tools and strategies, your organization can turn these challenges into opportunities. Take the first step towards a more efficient, profitable, and patient-focused organization. This webinar will give Healthcare administrators looking to improve AR processes, Financial […]
In the healthcare industry, efficient management of the revenue cycle is crucial for maintaining financial health. The revenue cycle process in healthcare refers to the financial aspects of healthcare delivery, from the initial patient encounter to the final payment for services rendered. Front-end revenue cycle management (RCM) is a critical component of this cycle. It […]
The Healthcare Management Trends that Will Shape Patient Access in 2025 are: Artificial Intelligence (AI) and Machine Learning Centralized Scheduling Systems Focus on Health Equity and Accessibility Optimized Insurance Verification Process Data Interoperability and Patient-Centered Systems Enhanced Cybersecurity Measures New year, new challenges for the Healthcare Industry… although some remain the same. For healthcare providers, […]
Dealing with healthcare billing and insurance claims is a complex task, especially with frequent claim denials that disrupt healthcare providers’ revenue cycle flow. These denials are not just financial hurdles; they also demand a lot of resources to fix. Knowing the reasons behind the denials and how to address them can help reduce mistakes and […]
84% of employees in the best-performing organizations receive the training they need compared to 16% in the worst-performing organizations. (IBM) Healthcare centers require a skilled, knowledgeable workforce to (a) provide the best care and (b) help establish or maintain a smooth operational flow. However, staff training in healthcare is not just about meeting requirements; it’s […]
Revenue Cycle Management (RCM) is an essential function in healthcare that manages the financial processes linked with patient care. This includes everything from scheduling and registration to billing and revenue collection, all customized to improve efficiency and revenue integrity throughout a patient’s journey. However, RCM is not just about managing payments; it entails a complete and […]
Hosted by RBMA – Optimizing patient access in today’s competitive Radiology landscape prevents revenue loss and improves overall financial performance. This webinar will explore innovative strategies to enhance patient access processes, focusing on effective scheduling practices. We will also discuss how the collaboration between radiology management solutions and specialized patient communication services can significantly impact your […]
October 17th and 18th, 2024- CCD Health carried out a successful donation of school supplies as part of its Environmental, Social, and Governance (ESG) program. This initiative was focused not only on support students in their educational process but also to strengthen ties with the community and promote a brighter future for generations to come. […]
Learn how a specialized patient management service can transform your orthopaedic center’s operational efficiency, improve patient care, and prevent revenue loss. As the U.S. population continues to age, the demand for orthopedic-related services and surgeries is set to rise. This increase reflects society’s growing health demand and the pressing need for effective management of […]
