In the past several years, care models have evolved to include more preventive care. Both insurers and government agencies are requiring proactive measures to identify patient health issues earlier or even prevent them altogether.
This same philosophy can also apply to the revenue cycle. Proactively monitoring multiple key metrics will yield a better picture of overall financial performance and reveal areas that need improvement. Read more
In the world of retail, consumers are accustomed to using a variety of methods – layaway, pay later programs, store credit cards – to purchase what they want, when they want. In healthcare, however, a different mindset prevails, and 43 percent of Americans have cited financial reasons for not getting the care they need.
As out-of-pocket expenses continue to climb, it’s very likely the number of patients who decide against healthcare treatment due to cost will also grow. A solution that can help practices and patients alike is the payment plan. Read more
As healthcare organizations transition from payment for volume to payment for value, they need to manage new revenue streams beyond traditional fee-for-service reimbursement.
Learn more about the new reimbursement models by attending a free webinar sponsored by Navicure on Thursday, September 11th at 1:00 pm EDT/10:00 am PDT: New Reimbursement Models in a Value-Based World. Register now. Read more
Thanks to everyone who attended our webinar, Price Transparency – Embracing the Patient Pay Trend in Your Practice, on August 19th. During the webinar revenue cycle expert and author Elizabeth Woodcock, MBA, FACMPE, CPC, discussed the current price transparency and patient pay trends and how practices can prepare.
To learn more, click here to download a recording of this webinar. After you’ve listened, let us know if you have any questions or comments. Read more