Physicians Practice Special Issues

ChangeHealthcare-eBook_October 2017

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14 S P O N S O R E D B Y O C T O B E R 2 0 1 7 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. Talk To Us 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 4 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. 3. How Americans Pay Their Bills, ACI Worldwide, 1/24/17 4.

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