Physicians Practice Article: Data analytics can help you understand and mitigate risk

Manual efforts to predict cash flow may leave you vulnerable to revenue problems that can quickly spiral out of control.

The COVID-19 pandemic has left a permanent imprint on the healthcare landscape—one that will undoubtedly follow the industry into the new year and beyond. The heightened role of technology, especially as it relates to the use of data analytics to inform operational decision making, proved a key differentiator for understanding the short-term impact and tactics required to survive. Data analytics continues to play a major role in strategic planning and decision making as the pandemic accelerates through the winter where making the wrong decisions based on feelings rather than facts could put a provider practice out of business.
The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges
EBOOK DOWNLOAD
The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges

Related Posts

Does administrative waste in your revenue cycle feel like a dumpster fire?

The reality is that current stats related to U.S. administrative waste in healthcare are abysmal, equating to about 30% of total spending waste. In response, healthcare organizations are prioritizing adoption of AI and automation to improve the outlook. This is a step in the right direction, but many, unfortunately, are leaving money on the table because they lack visibility into human generated data.

Read More »

Reduce RCM labor dependence with financial clearance, coding, insurance A/R, & patient A/R automation modules with real-time analytics.

Increase productivity and simplify front & back office processes while keeping your staff focused with our flagship PM system.