Facilitating Autonomy for Practice Groups through Automated Reconciliation According to an article published by Chief Healthcare Executive® in 2024, corporate entities acquired 5,300 physician practices in 2022 and 2023. The percentage of corporate-owned practices rose 11% in those two years, while hospital-owned practices rose 7.3%. In many cases, these acquisitions occurred within an operating framework
What’s Your KPI Improvement Strategy? Let’s Talk About Denials With the Right Data Validation Tools and Business Intelligence (BI) Technology, You Can Prevent Many of Your Denials Claim errors that lead to denials can have a significant impact on your revenue cycle by delaying or reducing payments from health insurance payors. In a recent survey,
Revenue Cycle Services for Multi-Specialty Physician Practice Groups Designed to Support Growing Organizations For many Multi-Specialty Groups, having more than one Practice Management (PM) system isn’t that unusual. This is especially true for groups that have grown through mergers and acquisitions. In some cases, certain specialties may require unique features or functionalities not available in
Reducing Errors with Data Validation Healthcare claims and other billing documents contain a substantial amount of patient, provider and payor information that can originate from different sources and HIT applications — which then leave room for error. Common issues include duplicate entries, incorrect coding and incomplete data. Any inaccuracies in the processing of remittances for
Maintaining Your Autonomy with Joining or Forming an MSO Partnership With the formation of a Management Services Organization (MSO), efficiently processing and posting remittances for multiple practice management (PM) systems, clearinghouses and bank lockboxes can be challenge. This is especially true if all the groups are reporting to a single Tax ID and ERAs are
