4 takeaways to understand and adapt to the changing landscape of healthcare costs and patient financial responsibility.
Casandra Curtis’ Post
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Healthcare Leadership| Physician Practice Innovator| Revenue Cycle & Operations| Educational Trainer| Consultant| Advisor to Independent & Network-Owned Medical Practice Groups
Ensuring smooth patient experiences while managing annual deductibles is critical to your Medical Practice's revenue cycle success. Here's a recap of 6 best practices to optimize this process: 1. Clear Communication: Transparently communicate deductible policies beforehand, outlining benefits to patients. 2. Financial Counseling: Offer counseling sessions to clarify insurance coverage and deductible details, aiding patient comprehension. 3. Verify Insurance: Accurately verify insurance information to minimize billing errors and ensure correct deductible amounts. 4. Flexible Payment Plans: Provide flexible payment options or financial aid to support patients facing financial constraints, preventing delays in essential care. 5. Staff Training: Train staff on empathetic communication when discussing financial matters, fostering a supportive environment. 6. Technology Integration: Utilize technology for efficient verification and collection processes, enhancing accuracy and reducing inefficiencies. By adhering to these practices, healthcare providers can enhance patient satisfaction and streamline administrative tasks. Our V2V REVENUE Advantage℠ can help you create sustainability today. Contact us today to learn more https://lnkd.in/gTSNMGVS #healthcare #bestpractices #patientexperience #medicalpractice #physicians
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Did you know your health system's digital front door can enhance revenue cycle management by digitizing and centralizing various aspects of the patient journey? Optimizing RCM is paramount for providers to maintain financial health while delivering exceptional care. However, traditional RCM solutions exhibit significant inefficiencies, resulting in patient dissatisfaction and revenue loss. Hear from John Deutsch, Founder and CEO of Bridge Patient Portal, about how your digital front door can drive efficiency and address many of the shortcomings of traditional revenue cycle management HERE: https://bit.ly/4b8sUWi #digitalfrontdoor #digitalhealth #futureofhealthcare #avia #aviamarketplace
Unlocking the true potential of healthcare RCM: How a digital front door makes all the difference
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https://lnkd.in/g3ypPfA7 CMS’ New Rule: Revolutionizing Prior Authorization by Navigating the Shift to Electronic Integration in Healthcare "The overarching goal is to streamline the electronic exchange of health information and prior authorization processes for medical items and services. These initiatives are projected to save approximately $15 billion over the next decade..." Read more on Swiftivity.com.
CMS’ New Rule: Revolutionizing Prior Authorization by Navigating the Shift to Electronic Integration in Healthcare — Swiftivity | Prior Authorization & EDI Solutions
swiftivity.com
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Streamlining Healthcare: A Step-by-Step Guide to Efficient Provider Procedures Effective healthcare delivery relies on well-structured processes. Here’s an overview of essential procedures every healthcare provider should follow to ensure patient satisfaction and operational efficiency: 1. Patient Appointment Scheduling: Simplify and automate appointment bookings with reminders to reduce no-shows. 2. Patient Check-In and Registration: Ensure accurate data collection and consent forms at every visit. 3. Insurance Verification: Confirm coverage details and secure any necessary authorizations in advance. 4. Patient Examination and Treatment: Provide thorough clinical assessments, accurate diagnoses, and personalized treatment plans. 5. Medical Documentation and Coding: Maintain precise records and coding for seamless billing and compliance. 6. Lab Tests and Diagnostics: Efficiently manage tests and interpret results to enhance patient care. 7. Patient Checkout and Billing: Streamline checkout with transparent billing and timely insurance claim submission. 8. Follow-Up Care: Foster ongoing patient engagement and adjust treatment plans as needed. 9. Records Management: Keep meticulous records, ensuring patient privacy and regulatory compliance. 10. Compliance and Quality Assurance: Continuously improve care through adherence to standards and regular audits. 11. Patient Discharge (for Inpatient Care): Coordinate smooth discharges with clear aftercare instructions. Implementing these steps can transform patient experiences and optimize your healthcare practice. #HealthcareManagement #PatientCare #MedicalPractice #EfficiencyInHealthcare
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Investing in patient-centricity isn't just the right thing to do—it makes good business sense. Christopher Lis and Michael Vermillion of J.D. Power shared their insights with Modern Healthcare on the future of the healthcare industry. Read the article to discover the winning strategies in healthcare consumerism for 2024:
The Business Case for Patient-Centricity
modernhealthcare.com
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Did you know? 3% to 5% of Hospitals’ revenue is lost due to inefficient Revenue Cycle Management. Delays in patient eligibility and benefits verification, and prior authorizations are top issues leading to claim denials. While you focus on patient care, your Revenue Team is focused on getting you paid. Speed of claim response and effectiveness of follow-ups is crucial for effective revenue cycle management. The solution? The 80:20 approach and many more such proven strategies! What are they and how can they minimize revenue loss and improve financial health? Swipe right to learn 5 fool-proof strategies that improves medical billing revenue→ #RCM #EligibilityVerification #ClaimDenials #AtlanticRCM #healthcare
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Dive into this comprehensive guide on healthcare digital transformation and learn how to enhance patient care and operational efficiency. https://buff.ly/44XZ2KZ #DigitalTransformation
A guide to healthcare digital transformation and the digital-first model
healthcareitnews.com
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In today's healthcare landscape, division of labor can create silos that hinder patient care. From scheduling to treatment, these gaps can lead to frustrating experiences for all. Learn how to break down these barriers and build a patient experience in Matt Tobias' latest blog. Read more today! https://hubs.la/Q02zlH_C0 #HealthcareTransformation #PatientCare #ServiceDesign
The Pitfalls of Division: How Silos Hinder Integrated Patient Experiences
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Tired of dealing with late payments, human error, and payment security risks at your practice? Discover how CERTIFY Health can improve your patient collections with automation, transparent pricing, and flexible payment plans. Read our latest blog to explore solutions that enhance financial stability and patient satisfaction for dentists and physicians. https://lnkd.in/da_gZrva #patientcollections #healthcareinnovation #patientpayments #CERTIFYHealth
Overcoming Challenges in Patient Collections for Dentists and Physicians
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🌟 Simplifying Patient Scheduling for Seamless Healthcare Experiences 🌟 Efficient patient scheduling is key to enhancing healthcare accessibility and patient satisfaction. At Chartlogics, we specialize in providing advanced scheduling solutions tailored to meet the unique needs of healthcare providers. Why choose Chartlogics for patient scheduling? ✅ Seamless Integration: Intuitive scheduling software that integrates seamlessly with your existing systems. ✅ Patient-Centered Approach: Tools designed to optimize patient flow and reduce wait times. ✅ Flexibility: Customizable scheduling options to accommodate varying practice workflows. Whether you're a healthcare practice aiming to streamline appointment booking or improve patient engagement through online scheduling, Chartlogics is here to support you. Visit www.chartlogics.com to discover more about our patient scheduling solutions or contact info@chartlogics.com for personalized assistance. Join the conversation on enhancing healthcare experiences with #PatientScheduling #HealthcareEfficiency #Chartlogics Let's create smoother scheduling experiences for patients and providers alike! 📅💬
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