How Revenue Cycle Automation Keeps A Physician-Owned Practice Open
- Every penny counts when you are an independent physician-owned practice, according to Melissa Huff, CIO of the Clinics of North Texas. Founded over 100 years ago, the Clinics of North Texas is a multispecialty network of more than 30 physicians and 200 employees. It is one of the largest independently owned group practices in the Texoma region. But every physician-owned...
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How to Establish a Proactive Revenue Cycle Strategy
A strong revenue cycle is vital for long-term financial sustainability since the revenue cycle influences all parts of a practice. To maximize revenue and improve processes, healthcare practices are...Sponsored by Cloudmed
RPA and ROI: Making the Business Case for Healthcare Automation
Healthcare organizations see automation as vital to increasing net revenue, reducing costs, and improving the patient experience. While robotic process automation will certainly address inefficiencies...Sponsored by Cloudmed
What to Know when Selecting the Right Automation Partner
The market for robotic process automation (RPA) has exploded in recent years as healthcare organizations seek increased efficiency and improved customer experience, particularly as it relates to the...Sponsored by Cloudmed
High-Impact Robotic Process Automation Use Cases for the Revenue Cycle
With effective revenue cycle management hinging on the completion of repetitive tasks and processes in the face of workforce shortages due to the pandemic, healthcare organizations are increasingly...Medical Group Revenue Declines Underscore Need for Efficiency
AMGA’s 2021 Medical Group Operations and Finance Survey finds that medical group revenue and expenses fell due to a decrease in volume caused by the COVID-19 pandemic. The survey found that...Healthcare Financial Recovery Takes a Hit from Delta Surge
Both hospitals and physician groups have hit a setback with healthcare financial recovery following this summer’s resurgence of positive COVID-19 cases, a pair of new Kaufman Hall reports...Revenue Cycle Outsourcing Solves Staffing Challenges for AZ Practice
The billing team at Tucson Gastroenterology was meeting a bar of excellence, according to Julie Wester, contract administrator at the Arizona-based specialty practice. But that bar was threatened when...Independent Medical Groups Increased Profit Per Provider in 2019
Medical group financial performance generally improved before COVID-19 hit, with independent medical groups generating a profit that year, according to a new report. The newly released 2020 Medical...A Specialty Group’s Revenue Cycle Automation Journey
Revenue cycle automation has become a necessity for healthcare providers looking to provide high-quality, affordable care. But for many organizations, automation in the revenue cycle is still an...3 Strategies for Medical Practice Excellence in the Era of COVID-19
The COVID-19 pandemic has moved the benchmarks for medical practice excellence. What once worked in a pre-pandemic world may not be adequate for the COVID-19 era or may need to be tweaked in order to...Successful Practices Invest in Business Office, Clinical Support
There is no one-size-fits-all approach to running a successful physician practice, but a new report has found that top-performing organizations have a couple of characteristics in common. The report...Primary Care Practices to Take $15B Hit from Early COVID-19 Response
Primary care practices are slated to lose approximately $15 billion as a result of dramatic declines in office visits and reimbursements during the peak of the COVID-19 pandemic in the US, reveals a...New Paycheck Protection Program Rules to Aid Small Providers
Healthcare providers and other small business owners participating in the Paycheck Protection Program will have more flexibility to use the funds on non-payroll expenses. For more coronavirus updates,...Should Physician Practices Return Paycheck Protection Program Loans?
Paycheck Protection Program loans were designed to support small businesses during the unprecedented COVID-19 crisis, but many physician practices have been debating whether returning the loans is a...Acquisitions of Ambulatory RCM Vendors Barely Impacted Performance
The ambulatory revenue cycle management (RCM) market is evolving as vendors engage in a large volume of acquisitions, according to a new market report from KLAS. The healthcare IT data and insights...Studies Examine Surprise Billing for Ambulance Rides, ASC Visits
A pair of studies released ahead of the next edition of Health Affairs examined the prevalence of surprise billing and out-of-network charges for ambulance rides and ambulatory surgery center (ASC)...Physician Practice Revenue Cut in Half Due to COVID-19 Crisis
An overwhelming majority (97 percent) of physician practices have experienced a negative financial impact directly or indirectly related to COVID-19, with most seeing physician practice revenue and...Sponsored by 3M
