How to overcome 3 top revenue cycle challenges in 2022

William Hefley, MD, orthopedic surgeon, practice owner, & founder of MedEvolve says that running a practice like a business does not come naturally for many physicians. Yet, survival depends on knowledge and transparency into daily operations.

Discover Solutions to These Challenges

Revenue Cycle Resources for Physician Practices

Beckers ASC: Leveraging analytics to boost practice performance at your ASC

Predictive analytics represent the future of medicine for ASCs and other all healthcare organizations, and not just in the clinical sense. Insights gleaned from day-to-day encounters and transactions can also strengthen revenue-cycle management (RCM) by driving informed decision-making. Data can influence decisions such as whether to renew payer contracts, outsource certain billing functions to a third party or offer flexible patient payment and financing plans.

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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.

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