BC Advantage - 2011 Issue 12

How transparency will change the way you do business

Imagine having the ability to reduce denial rates, accelerate cash flow, increase administrative efficiencies and anticipate audits for your practice or client in real-time. As the current environment of regulations and reimbursements continues to become more complex, this scenario seems like nothing more than fiction. Unfortunately, the administrative burden to manage payment processes as dictated by regulators, insurers, Medicare and other payers is not getting easier. With HIPAA, PPACA and a 21 percent cut in Medicare as a result of the American Reinvestment and Recovery Act of 2009 (ARRA) on the horizon, the financial viability of outpatient healthcare practices...

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