Key Metrics

Using Key Metrics in Your Revenue Cycle

[vc_row][vc_column][rev_slider_vc alias="key-metrics"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]There are industry-standard key metrics relating to your revenue cycle. From Denials to older accounts receivable, there are trends every practice should be aware of and be able to calculate. Days in Accounts Receivable (A/R) Days in A/R or days sales outstanding (DSO) is a calculation your practice can use to determine the average rate at which your practice is being paid. The lower your Days in A/R, the better. This...

Donna White
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Working Common Denials (part 1)

[vc_row][vc_column][rev_slider_vc alias="common-denials"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Depending on your practice, there may be several types of top denials. In today’s article, we are going to review best practices for follow up on some of the most common denials, regardless of specialty. Coverage Termed/Expired Per the EOB, the patient’s service denied as Coverage Termed or Expired at the time of the service. In your practice management system, check the Insurance Screen’s eligibility area to see what eligibility information...

Donna White
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Dealing with Rejections and Denials

[vc_row][vc_column][rev_slider_vc alias="rejections"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Finding the root issue of denials and rejections is essential to keeping a consistent cash flow for your practice. Many times, rejections and denials can be avoided through simple changes to daily processes. Denials and Rejections -- what's the difference? Before we get into ways to fix issues that cause rejections or denials, we need to know that there's a difference between a rejection and a denial. A rejection is a...

Donna White
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Checklist

The Ultimate Revenue Cycle Checklist

[vc_row][vc_column][rev_slider_vc alias="ultimate-checklist"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Understanding the revenue cycle for your practice can seem like a mystery. But there are several areas you can focus on to make sure your revenue cycle stays under control. 1. Charge Entry Make sure your claims are as clean as possible prior to submission. It is more complex than just keying charges from a superbill or importing charges through your EMR. Each payor has different requirements for submitting clean...

Donna White
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Expected RCM Growth

Expected Revenue Cycle Growth through 2020

[vc_row][vc_column][rev_slider_vc alias="expected-rcm"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]A recent article from Global News Wire anticipates a 12.89% growth in the Revenue Cycle Management industry over the next four years. And there are many reasons more and more providers are deciding to outsource their medical billing and collections. Expertise It is often more cost effective to bring on a medical billing company to take over the Revenue Cycle than to hire the staff to work billing, collections and accounts receivable...

Donna White
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