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The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges

Download eBook: How to Get Started with Revenue Cycle Workflow Automation

Reduce your dependence on labor to combat staffing challenges

According to MGMA, 73% of medical practices rank staffing as their biggest challenges and 76% are making operational changes due to shortages.

The need to improve the effectiveness and quality of revenue cycle processes is paramount for today’s healthcare organizations. Executives are facing declining profit margins, growing reimbursement challenges associated with patient collections and another rapidly evolving issue: staffing shortages. More than ever, provider organizations need to make the most of available staff resources. Executives also need transparency into workflows to ensure staff–especially remote staff–are not just productive, but also effective in the use of their time. Understanding the “why” behind staff effectiveness can ultimately be the catalyst that ensures a billing team is improving the bottom line as opposed to leaving money on the table.

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The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges
The Power of Effective Intelligence to Overcome Revenue Cycle Management Challenges

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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).

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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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