Four Ways to Optimize Your Revenue Cycle in 2021

Four Ways to Optimize Your Revenue Cycle in 2021

With 2021 in full swing, healthcare providers must continue to manage workflow efficiency, budgeting, and the ongoing financial instability brought on by the COVID-19 pandemic. At the same time, patient payment responsibility remains high. Consequently, two-thirds of patients express concern about their ability to pay their healthcare expenses.

For healthcare providers looking to boost revenue cycle performance, claim denials can pose a big problem. Patients can pre-register online or via their mobile device to help reduce claim denials. Patient pre-registration is an important step that involves collecting critical information before a medical procedure or visit.

Patient benefits and eligibility verification are critical steps in the billing process. While this process is often time-consuming, it helps determine patients’ payment responsibility and can help ensure that providers get paid.


Next Article

  • Four Ways to Optimize Your Revenue Cycle in 2021

    5 Population Health Trends to Watch

    With value-based payment arrangements becoming more common and the growth in Medicaid managed care and Medicare Advantage, population health has become a business — and a competitive one at that. A …

    Posted Apr 28, 2021

Did you find this useful?

Medigy Innovation Network

Connecting innovation decision makers to authoritative information, institutions, people and insights.

Medigy Logo

The latest News, Insights & Events

Medigy accurately delivers healthcare and technology information, news and insight from around the world.

The best products, services & solutions

Medigy surfaces the world's best crowdsourced health tech offerings with social interactions and peer reviews.


© 2024 Netspective Media LLC. All Rights Reserved.

Built on Mar 28, 2024 at 3:00am