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Definitive Healthcare, an industry-leading healthcare commercial intelligence organization, needed help providing their ACV and sales teams with the right resources to generate better quoting processes. They partnered with Spaulding Ridge to find a solution for their specific business needs, see how we did it here: https://lnkd.in/g-JNNrXH #MedTechInnovation #MedTechIndustry #MedicalDevices #InnovationInMedTech #MedTechTrends #MedTechCommunity

Stay ahead of healthcare trends and discover how top medtech and diagnostics companies optimize revenue streams! Follow our series: Embracing end-to-end revenue management in medtech and diagnostics to get in-depth insights into the commercial opportunities of RMS. Access our intro article here: skp.link/8bf #Medtech #RevenueManagement #CommercialOpportunities #Healthcare #SImonKucher

Ready to take your revenue cycle to the next level?🚀 Start with a sincere discussion about where you are at the present and where you want to go. It goes beyond just knowing the numbers; it’s about deeply comprehending the processes that generate them. With MedSys Group, you’re gaining a partner with years of know-how and a knack for unearthing the kind of insights that come from true, roll-up-your-sleeves experience. Read this months insight on navigating a partnership for Revenue Cycle Management. #MedSysGroup #HealthcareConsultants #RevenueCycleManagement #HealthcareInsights #HealthcarePartnership #HealthcareProcesses #HealthcareExperience #HealthcareRevenue https://lnkd.in/gtjBAXZF

Enjoyed my conversation with Jeff Peo, who broke down the pros and cons of selling a minority share of an ASC. We covered the typical ownership split, how it impacts physician autonomy, the financial advantages, and more. Advantages of a Minority Model: • Physicians receive management support without losing total control. • Facilities gain access to the management company’s experience and resources. • Partners assist in scaling the business and increasing profitability. Challenges of a Minority Model: • The facility may lose some operational flexibility. • Physicians must share a portion of the profits with the investor. • Differences in vision or strategy can cause friction. ⭐ An advantage of this approach is that it allows for a “double dip”: physicians might sell a minority stake, grow their business, then sell a majority stake later for a higher valuation. Click the link in the comments to access Lifeline's breakdown of the two-phase sales model.

Harris Williams recently partnered with Sage Growth Partners to conduct independent research to better understand the current state of revenue cycle management, factors negatively impacting hospital and health system revenue cycles, where organizations are planning to invest to improve their revenue cycles, and what M&A investors should consider as they seek opportunities in the space. RCM’s vast market and outsized growth potential for differentiated providers are highly appealing to M&A investors. Our latest article shares more on our findings and the latest trends and M&A opportunities in the space.

📈 Driving Financial Performance Improvement in Healthcare: A Professional Revenue Cycle Success Story with Med-Metrix 🌟 At Med-Metrix, we're dedicated to driving tangible results and maximizing revenue potential for our clients. Recently, we collaborated with a 1200+ physician enterprise within a dynamic healthcare ecosystem to revolutionize their revenue cycle management (RCM) strategies. 🔍 After conducting a comprehensive assessment of historical performance, we identified key areas for enhancement and implemented a tailored suite of solutions. From coding optimization to denial recovery and everything in between, our holistic approach targeted inefficiencies and unlocked hidden revenue streams. 💰 The results speak for themselves: 📉 18.1% reduction in accounts receivable over 90 days, signaling enhanced collection efficiency. 💼 3.2% increase in yield within the first year, driving significant improvements to the bottom line, resulting in an additional $7.8 million in revenue. 🌟 This success underscores the power of strategic RCM solutions and the impact of collaborative partnerships. 🤝 Ready to unlock your organization's revenue potential? Let's connect and explore how Med-Metrix can drive transformative results tailored to your unique needs. #RevenueTransformation #Healthcare #ProFeeRCM #PerformanceImprovement #Partnership

🚀 Ready to launch your own practice and soar to $1 million in monthly revenue? Look no further! 🚀 Are you an ambitious healthcare professional with a vision to establish your own practice? Whether you're a physician, dentist, therapist, or any other healthcare provider, the journey to success begins here! Introducing Revenue Synergy, your comprehensive partner in practice management and revenue optimization. As a leading Revenue Cycle Management (RCM) company, we specialize in providing end-to-end support for healthcare entrepreneurs like you. From initial contracting and practice setup to implementing cutting-edge IT infrastructure, we'll handle every aspect of your transition with precision and expertise. Why choose Revenue Synergy as your practice management partner? ✅ Seamless Transition: Our team will ensure a smooth and efficient setup process, allowing you to focus on patient care. ✅ Revenue Maximization: With our proven strategies and advanced RCM solutions, we'll work tirelessly to elevate your practice's revenue to over $1 million per month. ✅ Ongoing Support: Beyond the initial setup, we'll continue to provide dedicated support to optimize your operations and drive sustained growth. Don't let the complexities of starting a new practice hold you back from realizing your dreams. Connect with us today and let's embark on this exciting journey together. With Revenue Synergy, the path to profitability and success has never been clearer. Ready to take the leap? Contact us now to learn more! Email - info@revenuesynergy.com

2023 has been an eventful year for healthcare organizations as they continue to navigate and stay up to speed with the ever-evolving industry trends while also keeping up with the patient experience. As healthcare leaders, you have already braced yourself for the new challenges. Now that the holiday season has come to an end, it’s time to start preparing for 2024. To ensure that your organization remains on top of the revenue cycle game, it’s important to set new revenue cycle management goals that align with your organization’s overarching objectives. Let’s dive into some strategic revenue cycle goal-setting.

Happy New Year! As you prepare your organization for 2024, remember to strike a balance between short-term and long-term goals that align with your organization’s overall objectives. Be strategic and find ways to leverage technology to bolster your revenue cycle management goals and streamline your operations for healthcare excellence. To learn more join our upcoming webinar Thursday, January 18th at 1 pm CST.

Customers don't care about our fancy features. This was never more clear to me than early in my sales career when I made a big mistake. At the time, I was selling patient monitors, and everyone wanted to connect directly to the electronic charting system. It was a gaping hole in our offering that we didn’t connect to the EMR system. One day, they announced that we had FDA clearance and could now connect. I was thrilled! I ran around the tri-state area, telling anyone who would listen about our amazing new feature. I had no idea it was about to come back and bite me. I was visiting a customer I had always wanted to land. He asked me the inevitable question: “Can you connect to our charting system?” I excitedly responded that we absolutely could! I went on to tell him all the detailed specs, just to impress him, but he interrupted me. “Katie, wait. We actually tried that with your competitor, and it didn’t work out at all. We hated it. Sorry, I don’t think this is the product for us.” Wait, what? He said he didn’t want our amazing new technology that we’d worked so hard for? This can’t be happening! I did my best to back-track. I explained that it was only an option, and wasn’t a requirement, but the damage was done. “Sorry, Katie,” he said. “I think your product is just too complicated for us. We need something simpler.” I learned an important lesson that day. When he asked if we could connect to the charting system, I shouldn’t have assumed that he wanted to. I should have responded with, “Is that something that’s important to you?” I would have learned exactly what I needed to know to win that deal. I would have learned that I needed to focus on the simplicity of the technology and how easy it was to operate. Not every customer needs fancy. Some need simple. What customers DO care about are their needs. Period. Agree? #sales #salestraining #marketing