Financial Management

With ongoing staffing challenges, rising costs and shrinking revenue, the focus should be on improving efficiencies. Establishing and tracking key performance indicators (KPIs) gives practices the insight they need to create a strategic path forward.

Creating an up-front patient cost experience that accelerates cash flow earlier in the revenue cycle may seem like an impossible task, but with the right policies, procedures, and technology, healthcare organizations will see increased revenue, a happier patient base, a broader referral network, lower accounts receivable (A/R), and fewer balances going to collections.

The costs and administrative hassles associated with running a physician-owned practice are growing. This infographic breaks down the numbers and reveals how intelligent revenue cycle analytics and streamlined claims management can help you maintain your autonomy.