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Using these 4 tips, you can streamline your busy office and find new
revenue that was previously lost to time-consuming, manual processes.
4
Enhance Your
Point-of-Service Collections.
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21.8%
The recovery rate on aged receivables
was a mere 15.3 percent for hospitals
and 21.8 percent for practices. When
the patient owes the entire balance,
the impact is even greater.
Think about the amount of time your staff spends reworking and
resubmitting rejections, and how that time could be better used.
Simple workflow tools can ensure cleaner claims are submitted, and
provide real-time editing for quick and easy resubmission. Your denials
can be better managed by automating the appeals process to reduce
the time spent researching and appealing denied claims.
Post Service
Proactively Reduce Or Avoid
Rejections & Denials
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1. Keegan, D. W., & Woodcock, E. W. (2015). The Physician Billing Process. Navigating Potholes on the Road to Getting Paid (3rd ed.). N.p.: Medical Group
Management Association.
2. http://www.transunioninsights.com/healthcarecostsurvey/
3. How Americans Pay Their Bills, ACI Worldwide, 1/24/17
4. http://www.acainternational.org/advocacy/industry-research-statistics
