BC Advantage - 2016 Issue 11

Helping Practices Develop a Sound Revenue Cycle Strategy

Managing the flow of funds in your revenue cycle is one of the most essential and challenging tasks in operating a successful practice. Lately, effective healthcare revenue cycle management has also faced a myriad of new challenges, including adjusting to a value-based care model (instead of a fee-for-service), establishing meaningful use for electronic health record (EHR) systems, and the transition to ICD-10 coding.If that's not enough, there's also the increased deductibles and higher required payments for many healthcare plans. According to one source, consumers are paying almost twice as much in deductibles today as they were 10 years...

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