📊 Stat of the Day: The average claim denial rate in the U.S. ranges between 9-12%? For healthcare providers, this can result in significant revenue loss and increased overhead to correct errors. By focusing on effective Revenue Cycle Management and leveraging NCDS’s experience, providers can reduce this denial rate by up to 50%, ensuring more claims are paid on the first submission and improving the overall financial health of the practice. It’s time to optimize your billing process and get the revenue you deserve. 📈 Let NCDS help you take control of your revenue cycle. Source: MGMA
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Feeling Overwhelmed by Healthcare RCM? ACN Can Help! #ACNRCMSolutions #HealthcareRelief Struggling with a mountain of paperwork, slow reimbursements, and a lack of clear data? You're not alone. But there's a better way! ACN Healthcare offers a comprehensive RCM solution designed to ease your burden and boost your bottom line: Reduced Administrative Burden: Free up valuable time and resources to focus on what matters most - patient care. We handle the complexities of medical billing and coding, allowing you to concentrate on what you do best. Faster Reimbursements: Our experienced team ensures accurate claims are submitted promptly, leading to faster turnaround times and improved cash flow. Data-Driven Insights: Gain valuable insights from your revenue cycle data with ACN's robust reporting tools. Identify areas for improvement, optimize billing processes, and make informed decisions for your practice. Don't let RCM hold you back! Contact ACN Healthcare today and experience the difference. #TimeToFocusOnPatients #ACNEmpowers
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A high clean claim rate is essential for any healthcare practice aiming to maximize revenue and streamline operations. Clean claims, which are accurate and error-free upon initial submission, ensure timely payments from payers and reduce the need for rework, corrections, and resubmissions. This minimizes administrative burdens on billing teams, allowing them to focus on more critical tasks, such as patient care and follow-up on complex cases. Additionally, a high clean claim rate leads to fewer claim denials, enhancing overall revenue cycle efficiency and improving cash flow predictability. By submitting clean claims, practices can reduce operational costs, improve relationships with payers, and maintain a steady revenue stream, all while ensuring the organisation's long-term financial health. #CleanClaimRate #RevenueCycleManagement #HealthcareBilling #JHSProfessionals #BillingEfficiency #MedicalBillingExcellence #ReduceDenials #HealthcareOperations #TimelyPayments #OperationalEfficiency #BillingSolutions #MedicalClaimsManagement
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Staying on Top of Payer Communications in Times of Change Payer communication is essential to keeping operations running smoothly, especially during times of crisis or change. For healthcare providers and businesses alike, staying updated with changes from payers ensures accurate claims processing and timely reimbursement. In periods of uncertainty—like regulatory changes or major disruptions such as the recent storms that have affected so many—proactive communication can prevent delays and financial setbacks. 🔑 Tip: Regularly review your payer agreements and touch base with your billing or RCM team to ensure everyone is aligned on the latest updates. Efficient, ongoing communication helps avoid costly errors and keeps operations moving forward. #RCM #PayerCommunication #BusinessContinuity #HealthcareEfficiency
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The Case for Investing in Professional Services Are your claims auto-adjudication rates and claims payment accuracy where they should be? Increasing the accuracy of claims payment is essential for healthcare payers to maintain financial stability, compliance with regulations, positive relationships with providers and members, and integrity in the healthcare system. Overpayments can strain the financial resources of healthcare payers, while underpayments can lead to disputes and costly appeals processes. By ensuring accuracy, payers can optimize their financial resources and maintain cost efficiency. MHC Services Group has a deeply experienced team of claims professionals that can help your organization optimize claims payment accuracy and auto-adjudication rates. Learn more about how MHC Services Group can provide your organization with the experience needed to achieve your operational and technical goals. https://lnkd.in/g6qRhJ97 #MHC #MHCservicesgroup #implementation #systemimplementation #coreadministrationimplementation #payers #payerimplementation #healthcarepayertechnology #claimsadministration #healthcarepayerconsulting
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Learn how to navigate alternative payment methods in the healthcare industry. Gain insights into accountable care organizations, bundled payments, comprehensive primary care programs, and Medicare Advantage. Then, how to tailor your sales approach to address these payment models and highlight the value and affordability of your products. #medicare #medreps https://hubs.ly/Q02sWgbj0
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Transparency and trust are pillars of a strong patient-provider relationship. At ACN Healthcare, we understand the importance of clear communication in revenue cycle management (RCM). Here's how ACN fosters trust with both patients and providers: -Detailed & Transparent Billing: We provide patients with clear and easy-to-understand explanations of charges on their bills. -Open Communication: Our dedicated team is readily available to answer any questions patients may have about their billing. -Accurate Coding & Compliance: ACN adheres to strict coding guidelines, ensuring accurate billing and promoting trust with payers. -Regular Reporting & Visibility: We provide healthcare providers with regular reports and insights into their RCM performance. ACN builds trust through clear communication and transparency. Let's work together to create a smoother billing experience for everyone! #ACNRCM #TransparencyMatters #BuildingTrustInHealthcare
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#FAQFridays: Q: How can healthcare providers optimize reimbursement through payer contracts? A: Optimizing reimbursement requires a proactive approach to managing payer contracts. Providers should begin by thoroughly analyzing contract terms, identifying areas for improvement such as fee schedules, performance incentives, and reimbursement rates. Effective negotiation with payers is essential, focusing on realistic goals that align with the value of services provided. Equally important is establishing a process to monitor contract compliance, ensuring claims are submitted according to contract stipulations to prevent denials or underpayments. By integrating analytics to track performance metrics and leveraging data for contract renewals, healthcare organizations can enhance reimbursement and maintain financial sustainability. Explore more 🔗 https://bit.ly/4fpAVbI #PayerContracts #ReimbursementOptimization #HealthcareFinance #ValueBasedCare
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A hard truth about the business of providing healthcare is that providers are largely dependent on payer contracts to generate the revenue needed to pay staff and keep the practice running. Another truth is many payer contracts directing this revenue for providers are out of date. Which often means the reimbursement rates for CPT codes are below the current market average. This results in not keeping up with the cost of providing care - salaries, inflation, etc. Many healthcare providers simply do not have the resources (time and staff) to manage the diversity and complexity of multiple payer contracts. That’s the purpose of Aroris. We partner with healthcare providers to take on the burden of assessing, negotiating and managing for smarter payer contracts that improve the bottom line. We have a no-financial risk promise to ensure our clients realize incremental value from our partnership. Let the power of Aroris go to work for you.
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Your health system or large medical group can benefit greatly from the most advanced forensic audit system in the healthcare industry. With a 100% success rate, the results are unrivaled, and typically recover 10%-20% of collections from payers. This service is performance-based, and you only pay a percentage of actual payments recovered, so you have peace of mind that there is no risk to engage with our experts. Contact us to learn more about how we can help your healthcare organization recover lost revenue from underpaid claims. With results that are unmatched anywhere there is no reason not to act. #Hospitals #HealthcareRevenue #UnderpaymentRecovery
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Ensuring fair, accurate, and timely payments for healthcare providers is no small feat. With Coronis Health's expertise in medical billing, we help you perfect your revenue cycle and boost financial performance. #RevenueCycle #FinancialExcellence
Our Expertise, Your Advantage: Industry-Leading Revenue Cycle Management Solutions Tailored to You
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