BC Advantage - 2017 Issue 2

Best Practices in Revenue Cycle Management

While great care is a necessity-and the core goal-for any practice, a clear and free-flowing revenue stream is also essential for your practice to thrive.To keep the funds flowing, your practice needs effective strategies and policies for revenue cycle management, including clear procedures for both direct-patient costs and claims submission processes. Without a firm grip on both sides of the dual revenue stream that is unique to healthcare, your practice may struggle to stay afloat in an increasingly expensive and demanding industry.As healthcare costs rise, a few undeniable trends have also surfaced that are changing the way...

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