In the competitive healthcare landscape, Maximizing AR Collections is paramount for financial stability and growth. Effective accounts receivable (AR) management is not just about chasing outstanding payments; it’s a strategic imperative that underpins the entire revenue cycle. This comprehensive guide, “Maximizing AR Collections: A Guide to RCM Best Practices,” delves into key strategies and technological […]
In healthcare, claim denials pose a significant challenge to a provider’s revenue cycle. Each year, over $4.5 trillion in claims are submitted to insurance carriers in the U.S. alone. Despite this volume, healthcare providers continue to see an alarming rise in denied claims. In 2022, 42% of respondents reported an increase in denials, but by […]