BC Advantage - 2013 Issue 2

Leveraging Technology to Enhance Revenue Cycle Performance

By Dean BrownAs profit margins tighten, physician practices must focus on ways to reduce costs and grow revenue. Technology can support this effort by refining business processes and streamlining workflow. For example, an automated claims clearinghouse can assist a practice in getting patient claims out the door faster and more accurately. Such a system also provides information to help a practice better understand which claims are being denied and what the practice might do to reduce those denials long term. Last year, Alabama Orthopaedic Clinic-a 20-physician practice located in Mobile, Alabama-decided to consolidate its two clearinghouses into one web-based...

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