Matt Seefeld, EVP of MedEvolve, discusses with HIT Consultant why many physician practices are facing a harsh reality as they enter 2022. Revenue cycle processes and technology that have traditionally produced an acceptable bottom line are no longer delivering.
Growing Trends
- Growing labor and staffing complexities
- Need for greater margin
- Disparate data and systems limiting ability to gain intelligence
- Automation of manual processes is key amid resource deficiencies
- Demand for self-service and better patient financial experiences
Revenue Cycle Resources for Physician Practices
Make the most out of limited staff & optimize bottom line with Effective Intelligence
How data analytics and workflow automation transformed revenue cycle for Rebound Orthopedics and Neurosurgery.
The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges
Reduce your dependence on labor to combat staffing challenges. 73% of medical practices rank staffing as their biggest challenge and 76% are making operational changes due to shortages. (MGMA).
Why Your Practice Management Software Can’t Track RCM Employee Effectiveness
With a recession coming, you can’t afford to not know in real time staff effectiveness & net collection rate. Add workflow automation to your PM system. Matt Seefeld explains why.
How to Get Your Net Collection Rate to 97% Benchmark
Timely technology, process, & people changes are necessary to maximize net collection rate. Practice management systems are not capable of producing net collection rate in real time, and if you’re not staying above 97% benchmark, you have a problem.
Reduce Medical Billing Labor Dependency by Improving Patient Financial Clearance Workflow
If we can focus on front office pre-registration financial clearance, you will reduce your labor dependence on the back office in medical billing and claims processing.
2022 MGMA Leaders Conference
Join MedEvolve for the 2022 MGMA Leaders Conference on October 9-12, 2022 at the Boston Convention & Exhibition Center.
Effective Intelligence Resources
Effective Intelligence Suite
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What's your EiQ?
Margin is the key to success in healthcare. You cannot maximize it without real-time metrics in your revenue cycle. Take the 3 minute quiz to find out your Effective Intelligence Quotient (EiQ).
Recorded Webinar
Matt Seefeld explains the five trends that will drive the adoption of automation, data accessibility, and employee effectiveness in “Manage your revenue cycle with Effective Intelligence in 2022”.
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