2015 was one for the books! With the transition to ICD-10 in October and other healthcare industry challenges coming to light, we covered a lot of ground on the blog to help keep you and your organization at the top of your game. In case you need a refresher, we pulled together our top five most popular posts from the past year—enjoy!
- Using Benchmarks Correctly: Days in A/R and Net Collections
This blog post discusses why it’s important to periodically track, trend and review performance data. These benchmarks are the only surefire way to understand your financial strengths and weaknesses, and subsequently improve both!
- Saying Yes to Improving Time-of-Service Collections
Find out more about patient payments best practices by reading this post, so you can help your front office team have a solid understanding of patient financial responsibility and improve your practice’s ability to collect payments in full.
- Four Key Metrics to Jump-Start Your Practice’s Financial Health in 2015
This blog post discusses how monitoring revenue cycle metrics can provide a starting point for benchmarking; help you pinpoint specific areas to address; and allow you to track your success.
- Revenue Cycle Mashup: Patient Collections and ICD-10
Read this blog post that discusses two top-of-mind but very different revenue cycle challenges: ICD-10 and patient payments, and learn how they can both substantially impact a practice’s bottom line if they aren’t working in tandem.
- How Can You Collect More from Your Patients?
This blog post discusses how it can be helpful to learn how much revenue might be left on the table with the cost to collect patient payments. There’s also an opportunity to increase patient collections.
As you continue to prepare for the year ahead, don’t forget to come back and visit the blog to stay on top of current industry trends. What items are on your radar for the coming year? What type of educational information would be most interested in?